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China tech

Ant eyes holding company structure under regulatory pressure

Proposed reshuffle includes under-fire lending and insurance platforms

The Chinese giant feels that restructuring is not necessary but will follow directives from financial authorities.   © Reuters

SHANGHAI -- Ant Group will reorganize much of its operations under the umbrella of a financial holding company for transparency at the behest of Chinese regulators, a source with knowledge of the situation told Nikkei.

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