Ant Mulls Holdings with similar regulations to the bank

Ant Mulls Holdings with similar regulations to the bank

Jack Ma is trapped Ant Group plans to merge its financial operations into a holding company that could be regulated like banks, according to people familiar with the situation, which could cripple the growth of its most profitable units.

People who asked not to be named because it was a privacy issue said the fintech giant plans to transfer any unit that requires a financial license to the holding company, pending regulatory approval. People said the plans are still under discussion and subject to change. Ant declined to comment.

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