China: Ant Financial's consumer lending said to reach $95b

China: Ant Financial's consumer lending said to reach $95b

A shopper walks past advertisement banners for Ant Financial Services Group's Alipay, an affiliate of Alibaba Group Holding Ltd., left and second right, hanging inside MC Box Po Tat Market in Hong Kong, China. Photographer: Anthony Kwan/Bloomberg

Ant Financial’s consumer lending has reached at least 600 billion yuan ($95 billion) despite the affiliate of Alibaba Group Holding Ltd. facing a tougher environment for securitizing its loans, people familiar with the matter said.

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