Ant Group hit with $985m fine amidst China’s regulatory crackdown
China’s central bank has issued one of the country’s largest fines against fintech giant Ant Group over various financial regulatory violations. Ant Group, subsidiary of e-commerce company Alibaba, was issued a 7.12bn yuan fine ($985m) last Friday as the People’s Bank of China looks to take a stronger regulatory stance against large financial institutions in … Continue reading Ant Group hit with $985m fine amidst China’s regulatory crackdown
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed