More specifically, the Shanghai Stock Exchange slammed the door; Ant Group brought them to the island (and more international) one in Hong Kong. But that’s just a formal difference. The cause and effect are the same.
Recall that Ant Group – formerly known as Alipay and Ant Financial – is one of the largest fintech companies in the world. The Alipay digital payment platform is ubiquitous in China today, serving more than a billion users and 80 million merchants.
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