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ANT GROUP FALLOUT
South-east Asia still a sweet lure for Ant's portfolio companies
ANT GROUP FALLOUT
South-east Asia still a sweet lure for Ant's portfolio companies
Beijing's reported probe into financial giant's investments is believed to be centred on its domestic market for now
Thu, Jan 07, 2021 - 5:50 AM
4 -min read
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According to a Dec 31 Reuters report, which cited anonymous sources, China regulators are considering whether to instruct Ant to divest some of its investments in startups and fintech firms, if they breach rules such as by creating unfair competition.
PHOTO: EPA-EFE
Beijing's reported probe into financial giant's investments is believed to be centred on its domestic market for now
Thu, Jan 07, 2021 - 5:50 AM
4 -min read
Listen to this article
Singapore
CHINA'S reported probe into the investments of Ant Group is more likely to be centred on its homeground for now, and thus might not significantly impact the financial services giant's portfolio companies in South-east Asia, industry watchers said.
However, the road ahead...
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