Chinese fintech giant Ant announces share buyback after crackdown
Chinese fintech giant Ant Group has announced a share buyback plan to allow some investors to offload or reduce their stakes after the government slapped the firm with a US$1 billion fine for alleged ‘illegal acts’. – EPA pic, July 8, 2023.
CHINESE fintech giant Ant Group announced today a share buyback plan to allow some investors to offload or reduce their stakes after the government slapped the firm with a US$1 billion fine for alleged “illegal acts”. Ant operates Alipay, the world’s largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.
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