China ends Ant Group’s regulatory revamp with nearly $1 billion fine
Reported by Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. China’s central bank said that financial regulators would fine Ant […]