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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Markets and Finance published this video item, entitled “China Tells Ant to Return to Payments Services Origins” – below is their description.
Dec.27 — 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. Rosalind China reports on “Bloomberg Daybreak: Australia.”Bloomberg Markets and Finance YouTube Channel
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In This Story: Australia
7 Recent Items: Australia
In This Story: China
7 Recent Items: China
In This Story: Jack Ma
Jack Ma, or Ma Yun, is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.