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Jack Ma’s Ant Group Rebrands Some Credit Offerings: WSJ

Company offered consumer-credit services that were widely popular among Chinese consumers and small businesses


Ant Group
Ant Group, via its payment and lifestyle app Alipay, offered consumer-credit services that were widely popular. Photo: AFP

 

Ant Group has started making it clear to customers if they are borrowing from outside lenders or from the company itself, as Jack Ma’s financial-technology giant continues to fall in line with Chinese regulations, the Wall Street Journal reported.

Before its wings were clipped by Beijing, Ant, via its payment and lifestyle app Alipay, offered consumer-credit services that were widely popular among Chinese consumers and small businesses.

Read the full report: The Wall Street Journal

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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