ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

China's Alibaba and Ant Group end staff transfers as duo split ties

Halting intercompany transfers part of wider Beijing-ordered restructuring

Alibaba and fintech affiliate Ant Group have been gradually cutting ties after Beijing ordered Ant to undergo a sweeping restructuring. (Source photos by Getty Images)

HONG KONG -- Alibaba Group Holding and its fintech affiliate Ant Group have axed staff transfers as part of a wider splitting of ties on the back of a Beijing-imposed restructuring, a person familiar with the matter told Nikkei Asia.

The pair have been decoupling over the past few months and the latest move means that the once closely linked Chinese tech companies will no longer move employees around internally, said the source, who asked not to be named as they were not authorized to speak publicly.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more