Boom Bust explores why China is cracking down on its Big Tech companies
The Chinese government is planning to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to media reports.
Regulators previously ordered Ant Group to split the business of AliPay from lending businesses Huabei and Jiebei. Boom Bust’s Christy Ai and Ben Swann weigh in on the latest measures from the world’s second-largest economy.
For more stories on economy & finance visit RT's business section
You can share this story on social media: