Tag: Chinese regulators
Ant Group, Founded by Jack Ma, Fined $994 Million by Chinese Regulators
Ant Group, the fintech powerhouse founded by billionaire Jack Ma, has been hit with a significant fine of 7.1 billion yuan ($994 million) by China’s leading financial regulators. The penalty was levied due to infringements related to consumer protection and corporate governance. The Man Behind Ant Group: Jack Ma Jack Ma, once an English teacher,…
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