The Traderszone Network

Published in TZ Latest News 24 November, 2021 by The TZ Newswire Staff

Ant Group to Differentiate Between Borrowing From Company, Outside Lenders

Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to follow Chinese regulations, according to a Wall Street Journal (WSJ) report Wednesday (Nov. 24).

Ant has been trying to revamp its business since Chinese regulators curtailed its would-be blockbuster initial public offering (IPO) last year, fearing that the company was growing too powerful in its wide influence. WSJ cites Ant’s consumer credit services as a substantial reason for that.

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