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Alipay

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Beijing to break up Ant’s Alipay and force creation of separate loans app

Simonne Stigall 10 months ago

Beijing wants to break up Alipay, the superapp owned by Jack Ma’s Ant Group which has more than 1bn users, and create a separate app for the company’s highly profitable loans business, as it intensifies a crackdown on China’s big tech groups. Chinese regulators have already ordered Ant to separate […]

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