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China plans to break up Ant’s Alipay

September 13, 2021 8:29 AM

BEIJING (REUTERS) – Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, the Financial Times reported on Sunday.

Source : http://www.straitstimes.com/business/banking/china-plans-to-break-up-ants-alipay

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