SHANGHAI -- China's Ant Group will increase its consumer lending arm's capital by 10.5 billion yuan ($1.52 billion) as part of a restructuring effort aimed at reviving delayed plans for an initial public offering.
China tech
Ant Group readies $1.5bn capital boost for consumer lending unit
Regulators approve funding proposal, paving way for parent to resuscitate IPO plan
A regulatory crackdown forced Ant Group to suspend a planned initial public offering in November 2020. © Reuters
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