Ant weighs financial holding company to placate regulators

Ant weighs financial holding company to placate regulators

A Chinese customer uses Alipay to make a purchases at a store in Singapore. Alipay operator Ant Group has big plans for Southeast Asia. © AP

Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said.

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