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
Add BT as a preferred source
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 remains uncertain, as it is not clear whether the regulatory scrutiny may force Ant and its sister company, Alibaba, to tone down or step up activities in South-east Asia.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
