Exclusive: China set to fine Ant Group over $1 billion, signaling revamp is closing in on final sources
HONG KONG, Nov 22 (Reuters) – Chinese authorities are set to fine Jack Ma’s Ant group more than $1 billion, six sources with direct knowledge of the matter said, paving the way at the end of the fintech’s two-year commitment. regulatory overhaul. The People’s Bank of China (PBOC), which spearheaded Ant’s overhaul after the Chinese …