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China to end Ant Group’s regulatory revamp with fine of at least $1.1 bln-sources

China to end Ant Group’s regulatory revamp with fine of at least $1.1 bln-sources

by AIP Online Bureau | Jul 7, 2023 | International News, Regulation

Jack Ma,founder, Ant Group The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a...

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