The Chinese regime is taking aim yet again, this time at financial services company ANT Group and its billionaire founder Jack Ma. But the repeated targeting is raising concerns among the country’s large private companies.
Chinese regulators are reviewing equity investments held by ANT Group in dozens of companies. That’s according to what three people with knowledge of the matter told Reuters. The move is seen as part of the Chinese regime’s crackdown on ANT Group founder Jack Ma’s financial technology empire.
By Chang Chun
