Educate me and others here on what exactly is happening with ANT financial.
It looks like the govt wants ANT to dial back it’s lending business and focus on payments. How does this benefit or hurt ANT and other interest groups.
A digital RMB payment system is also coming. Govt telling ANT/Alibaba to focus on payments, and at the same time offer an alternative payment system in the form of digital RMB that has no transaction fees.
It looks like the govt wants ANT to dial back it’s lending business and focus on payments. How does this benefit or hurt ANT and other interest groups.
A digital RMB payment system is also coming. Govt telling ANT/Alibaba to focus on payments, and at the same time offer an alternative payment system in the form of digital RMB that has no transaction fees.