Apr 3, 2022
Ant and Alibaba plan for less intertwined future after China crackdown
BEIJING/SINGAPORE – Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China’s devastating regulatory crackdown, four sources familiar with the matter said. E-commerce giant Alibaba Group Holding created what would become payments and financial services provider Ant and spun it off in