The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg
The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg

Ant Group curbs support for overseas e-wallet partners in strategy rethink ahead of listing

  • China’s Ant Group is said to have been cutting funding and staff support to many of the overseas e-wallet firms it has invested in
  • The shift in strategy came late in 2019, brought on by a change at the helm and a reworking of priorities as it planned for its IPO, sources say

Topic |   Ant Group
The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg
The Ant Group logo is displayed at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Photo: Bloomberg
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