EXCLUSIVE-Chinese state firms to take big stake in Ant's credit-scoring JV -sources Netscape Gadgets & Tech


Source: netscape.com netscape.com

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By Julie Zhu Reuters * Ant to form JV with Zhejiang Tourism, Transfar, others -sources * Ant, partners aim to establish JV as soon as October -sources * Plan comes as Ant revamps business following botched IPO * JV could help revive Ant's IPO -sources (Adds details on state shareholders) HONG KONG, Sept 1 (Reuters) - State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three people told Reuters, in a move that will loosen the Chinese fintech giant's grip on a data treasure trove of over 1 billion users...