Chinese Regulators Propose New Antitrust Rules For Payments Sector
PYMNTS
JANUARY 20, 2021
Chinese regulators have since ordered Ant to restructure its business and have launched an antitrust probe into its sibling company, Alibaba , Bloomberg added. The move comes in the wake of the abrupt cancellation by Beijing of Ant’s hotly anticipated initial public offering (IPO) in November.
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