Ant Group’s restructuring process achieves key milestone. Photo: SCMP/ Tracy Qu
Ant Group’s restructuring process achieves key milestone. Photo: SCMP/ Tracy Qu
Alibaba

Ant Group moves key step forward in restructuring, as consumer finance unit wins approval to expand capital base

  • The local branch of the CBIRC in Chongqing said it has approved the capital expansion plan of Chongqing Ant Consumer Finance
  • Ant had been undergoing a restructuring and review of its myriad businesses ever since its US$39.7 billion IPO was pulled in 2020

Ant Group’s restructuring process achieves key milestone. Photo: SCMP/ Tracy Qu
Ant Group’s restructuring process achieves key milestone. Photo: SCMP/ Tracy Qu
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