Reuters exclusively revealed that Chinese regulators are expected to downgrade charges against Ant Group and fine them approximately $728 million – significantly less than the $1 billion initially planned.
Technology
China expected to lower fine on Ant Group to about $700 million
19 April 2023, 4:14 pm 1 minute
Market Impact
The fine would help pave the way for the fintech giant to secure a long-awaited financial holding company license, seek growth, and eventually revive its plans for a market debut.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
