Briefing

    Ant’s Alipay, electric-vehicle makers targeted by Chinese regulators

    article-aa

    Chinese officials want to further splinter Ant by splitting off its user lending data for a new app, which would reportedly turn the data over to a credit-scoring joint venture with part state ownership. Meanwhile, China’s Industry and Information Technology Minister Xiao Yaqing said the government will encourage the consolidation of electric-vehicle makers.(Financial Times, Reuters)

      Read this article for free

      By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.
      Already a subscriber?