Insight - Goldman solution could work out fine for Jack Ma

Ambitious firm: Jack Ma’s Ant Group is considering becoming a financial holding company that would be regulated like a bank. — AP

ATTEMPTING to regain the good graces of Chinese authorities, Jack Ma’s Ant Group is considering becoming a financial holding company that would be regulated like a bank.

The move would curb its ambitions to become a future-forward fintech company that’s more than a bank or mobile-payments provider.