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Reuters exclusively reports Chinese regulators probe Ant Group’s equity investments

Reuters reported exclusively that Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, intensifying a crackdown on billionaire Jack Ma’s financial technology empire. Regulators are considering whether to instruct Ant to divest some of its investments, mainly in technology and fintech start-ups, if they violate any rules such as creating unfair competition in the market. 

Article Tags
Topics of Interest: Tech
Type: Reuters Best
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story