Ant can kind a holding firm with bank-like regulation: Bloomberg Information

© Reuters. FILE PHOTO: The Alipay logo resides in a building of Alipay's Shanghai office, owned by Ant Group, a Shanghai subsidiary of Chinese e-commerce giant Alibaba

(Reuters) – Ant Group Co is considering folding its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported Tuesday, citing people familiar with the situation.

(This story corrects day to Tuesday from Monday, changes "plans" to "may form" in the heading)

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Related Articles