Sources: Chinese authorities plan to announce a fine of at least ~$1.1B on Ant Group as soon as July 7, ending the company's years-long regulatory overhaul (Reuters)




Reuters:

Sources: Chinese authorities plan to announce a fine of at least ~$1.1B on Ant Group as soon as July 7, ending the company’s years-long regulatory overhaul  —  – Ant likely to be fined at least 8 billion yuan – sources  — Announcement would mark end of fintech giant’s regulator-driven overhaul





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