China's Ant said to hive off credit data in revamp; sees IPO in 2 yrs

China's Ant said to hive off credit data in revamp; sees IPO in 2 yrs

Ant Group's Hangzhou Headquarters. Source: Ant Group

Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter