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Finance

Ant Group thrown into disarray by China's new financial rules

Online microlender faces loss of its main revenue source after 2022

New regulations put forth by China's financial authorities are designed to undermine the foundation of Ant Group's business model.   © Reuters

SHANGHAI -- China's financial industry watchdog has announced new regulations that will deal an additional blow to Ant Group and fundamentally upset the online microlender's business model.

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