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Saturday, Jan 16, 2021

China Tells Ant to Return to Payments Services Origins

Chinese regulators order Jack Ma’s fintech behemoth Ant Group Co. to return to its roots as a provider of payments services. The central bank summoned Ant executives over the weekend and told them to "rectify" the company’s lending, insurance and wealth management services.
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The cure for boredom is curiosity. There is no cure for curiosity.

Ellen Parr
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