PBOC to Fine Ant Group $1 Billion as Part of Regulatory Overhaul

FP via Reuters | Julie Zhu  | Nov 22, 202 HONG KONG — Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. >$1 billion regulatory

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