News Snapshot:
By Omar Faridi After facing increasing pressure from Chinese authorities, billionaire Jack Ma ’s Fintech firm Ant Group is now focused on restructuring its business operations in order to serve as a financial holding company. The Ant Group has also been focused on positioning itself as an Internet-tech firm during these past few years, instead of just being a financial services provider. As noted by the SoFi team, this approach has helped the firm’s valuation soar but has also raised concerns from financial regulators in China . Ant’s senior management team was recently called into a meeting with Chinese regulators...
