Ant Group reaches deal with regulators to restructure business: Report

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  • CNBC Television published this video item, entitled “Ant Group reaches deal with regulators to restructure business: Report” – below is their description.

    Ant Group and Chinese regulators have reportedly reached a restructuring plan that will turn Jack Ma’s FinTech giant into a financial holding company. CNBC’s Eunice Yoon reports.

    CNBC Television YouTube Channel

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    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.

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