Just Another Payment App? Ant Group: China’s Fintech Behemoth

Just Another Payment App? Ant Group: China’s Fintech Behemoth

OCTOBER 21, 2020

As Ant Group moves to list, its status as China’s largest digital payment provider is sparking conversations around its unique grip on the market. Its dominant position has raised red flags at the People’s Bank of China, China’s central bank: the bank has asked China’s anti-trust agency to investigate Ant Group over alleged anti-competitive behavior.

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