China’s Ant Group Mulling Creation Of New Consumer Loan Unit
PYMNTS
JANUARY 7, 2021
Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. Ant Group had $263 billion in outstanding consumer loans as of June 2020. China TransInfo Technology Corp.
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