Remove eCommerce Remove Financial Systems Remove Restructuring Remove Securities
article thumbnail

Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Will Chinese Authorities Force Ant To Restructure? . As such, Yu believes Ant could require a restructuring to defuse systemic risk.

article thumbnail

China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. While it is still unclear to what degree the Chinese government will try to control Ant’s booming loan business, the company will likely have to meet higher capital requirements, even with a restructuring of its consumer loan business.