.jpg){kind=avatar}
The company is looking at leaving its blockchain, database management services and international business out of a main entity that will be used to apply for a financial holding license in China. Once the restructuring is completed and Ant secures a license for its financial holding company, it can prepare for an IPO in Hong Kong.
{
Even if Beijing eases up on Ant, the years of relentless scrutiny have taken a toll on the company. Ant’s bottom line has eroded and growth prospects for its operations from consumer lending to asset management have diminished.
More posts by Sarah Wolter
Recent posts from News by FinTech Collective