Ant Group’s booth for this year’s World Internet Conference. Photo: SCMP/ Tracy Qu
Ant Group’s booth for this year’s World Internet Conference. Photo: SCMP/ Tracy Qu
Ant Group

Ant Group expands capital base of consumer finance unit to meet regulatory demands, although scale is down from earlier plan

  • The capital expansion is down substantially from an original 22 billion yuan planned at the end of 2021
  • If Ant had not been able to expand the capital base of the unit, it would have needed to scale back existing businesses to comply with regulations

Ant Group’s booth for this year’s World Internet Conference. Photo: SCMP/ Tracy Qu
Ant Group’s booth for this year’s World Internet Conference. Photo: SCMP/ Tracy Qu
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