Sources: Jack Ma's Ant Group has reached an agreement with Chinese regulators to turn Ant into a financial holding company, subject to bank capital requirements
Ant Group and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma's fintech giant into a financial holding company, people familiar say. Announcements could come before lunar holiday and Ant is still hoping to explore an IPO https://www.bloomberg.com/...
3 months since the cancelled IPO. This is like warp speed in the regulatory world. Must have been working around the clock on both sides of the table. https://twitter.com/...