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.
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Jack Ma-backed Ant plans restructuring, paving way for HK IPO
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.
