China's Ant Group facing regulatory pressure ahead of record IPO
Shanghai (AFP) Nov 3, 2020
Fintech giant Ant Group is facing growing Chinese pressure over potential risks in its online lending business, with co-founder Jack Ma and other executives summoned to an unusual meeting with regulators just ahead of its record-breaking IPO this week. The firm's Alipay platform has helped revolutionise commerce and personal finance in China, with consumers using the smartphone app to pay fo
