HONG KONG: Ant Group Co has ramped up its capital base to 35 billion yuan (US$5.4bil or RM22.50bil), almost a year after Chinese regulators thwarted its record initial public offering (IPO) and told it to overhaul its sprawling operation.
Billionaire Jack Ma’s fintech giant got approval on Sept 30 to boost its registered capital from 23.8 billion yuan (RM15.41bil), according to the official National Enterprise Credit Information Publicity System.
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