FILE PHOTO: Alipay logo is pictured on a building of the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba,in Shanghai
(Reuters) – Ant Group Co is considering to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-12-29/ant-considers-holding-company-with-regulation-similar-to-bank-sources-say?sref=Yg3sQEZ2&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter on Monday, citing people familiar with the situation.
(Reporting by Maria Ponnezhath in Bengaluru; Editing by Tom Hogue)
