Why China Changed the Rules on Jack Ma’s Ant Group
Employees line up for elevators near a company mascot of Ant Group in Hangzhou, China. (Photographer: Qilai Shen/Bloomberg)

Why China Changed the Rules on Jack Ma’s Ant Group

(Bloomberg) -- Years of loose regulatory oversight in China helped billionaire Jack Ma’s Ant Group become the world’s most-valuable financial giant, with businesses spanning payments, banking, weal...
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