China expected to lower fine on Ant Group to about $700 million



Reuters exclusively revealed that Chinese regulators are expected to downgrade charges against Ant Group and fine them approximately $728 million – significantly less than the $1 billion initially planned. 

Market Impact

The fine would help pave the way for the fintech giant to secure a long-awaited financial holding company license, seek growth, and eventually revive its plans for a market debut.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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