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Jack Ma’s Ant Strikes Forward With Credit score-Scoring Agency

Jack Ma’s Ant Strikes Forward With Credit score-Scoring Agency

Ant Group Co. is establishing a credit-scoring firm with state-owned shareholder companions, because the Chinese language financial-technology big presses forward with its restructuring.

Getting this stand-alone firm up and operating is likely one of the key steps in Ant’s broader transition to develop into a financial-holding firm, underneath instructions laid out by Chinese language regulators earlier this yr. The fintech firm, managed by Chinese language billionaire Jack Ma, relies in Hangzhou within the jap Chinese language province of Zhejiang.

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