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Jack Ma’s Ant Rebrands Some Credit score Choices as A part of Overhaul

Jack Ma’s Ant Rebrands Some Credit score Choices as A part of Overhaul

Ant Group Co. has began making it clear to clients if they’re borrowing from exterior lenders or from the corporate itself, as Jack Ma’s financial-technology large continues to fall in keeping with Chinese language laws.

Earlier than its wings had been clipped by Beijing, Ant, by way of its fee and life-style app Alipay, supplied consumer-credit providers that had been broadly widespread amongst Chinese language shoppers and small companies. The merchandise later grew to become one of many key causes for Chinese language regulators to scuttle its blockbuster preliminary public providing, simply two days earlier than the scheduled itemizing in November final 12 months.

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