Ant Mules Holding Company with similar regulation to the bank

Siege of jack ma The Ant Group company plans to turn its financial operations into a holding company that can be regulated more like a bank, crippling the development of possibly its most profitable units, according to people familiar with the situation.

The fintech giant plans to relocate to any entity that would require a financial license at the regulatory company, pending regulatory approval, people said, who were not named because the case is private. People said plans are still under discussion and change. Ant declined to comment.


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