Caixin
Sep 13, 2022 08:47 PM
FINANCE

In Depth: Ant Group Rebuilds for Regulators, but at What Cost?

Photo: VCG
Photo: VCG

Following more than a year of restructuring, Ant Group Co. Ltd. is gradually picking up the pieces and making its way back into Chinese regulators’ good graces. But the fintech company is a stripped-down version of the titan it once was, with its highly lucrative consumer lending business decoupled from ubiquitous payments service Alipay and moved into a consumer finance subsidiary, sending the group’s valuation tumbling from its 2020 peak.

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