Ant Financial shifts focus away from finance to tech amid Beijing crackdown

Ant Financial shifts focus away from finance to tech amid Beijing crackdown

The mascot for Ant. Photographer: Qilai Shen/Bloomberg

Ant Financial Services Group, the dominant Chinese fintech company, is shifting its main focus to technology services and away from payments and consumer finance as Beijing’s crackdown on financial risk deepens, four sources with knowledge of the matter said.

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