The partners plan to establish a personal credit-scoring firm, said the people, adding that such a firm and ownership structure was one aspect of restructuring ordered by regulators who put a sudden stop to Ant's blockbuster initial public offering (IPO) in November.
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Chinese state firms to take big stake in Ant's credit-scoring JV
The plan, part of Ant's business revamp, would represent one of the most prominent outcomes of a government push for state-backed firms to exert more control and influence over fast-growing but previously lightly regulated new-economy businesses.
