The Ant Group headquarters in Hangzhou. Photo: Bloomberg
The Ant Group headquarters in Hangzhou. Photo: Bloomberg
Ant Group

China’s state-owned bad loans manager Cinda to buy 20 per cent of Ant Group’s consumer credit vehicle

  • China Cinda Asset Management’s stake acquisition is part of a plan to increase the capital base of Chongqing Ant to 30 billion yuan from 8 billion yuan
  • The capital expansion will also add three other new shareholders

The Ant Group headquarters in Hangzhou. Photo: Bloomberg
The Ant Group headquarters in Hangzhou. Photo: Bloomberg
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