Ant Group plans restructuring, paving way for Hong Kong IPO

Ant Group plans restructuring, paving way for Hong Kong IPO

FILE PHOTO: A booth of Ant Group is pictured at the Singapore FinTech Festival, Singapore, November 4, 2022. REUTERS/Anshuman Daga/File Photo

Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.

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