China's anti-corruption watchdog involved in probe of Jack Ma's Ant

China's anti-corruption watchdog involved in probe of Jack Ma's Ant

Ant Group's Hangzhou Headquarters. Source: Ant Group

The Chinese Communist Party’s anti-corruption watchdog was among the agencies involved in a recent inquiry into links between billionaire Jack Ma’s Ant Group and state-owned Chinese companies, Bloomberg News reported on Wednesday.

The Central Commission for Discipline Inspection (CCDI) was seeking to understand the influence of Ma’s fintech empire and the extent of its transactions with state banks and enterprises, the report said, citing people familiar with the matter.

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