Chinese authorities want to divide Alipay

11:27 - 13.09.2021

September 13, Fineko/abc.az. The Chinese authorities demanded from Ant to divide payment service Alipay.

Chinese authorities intend to divide payment service Alipay, owned by Ant Group of billionaire Jack Ma and the number of users of which exceeds 1 billion.

Chinese authorities demand from Ant to allocate online lending services Huabei and Jiebei to an independent business, attract third-party shareholders to it, and also create an independent application for these operations.

 

Other news