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China 28 Dec 2020 | 12:35 PM

Ant Group urged to rectify its operations

BEIJING (China Daily/ANN): China's financial watchdogs have required Ant Group, the financial technology arm of the country's e-commerce giant Alibaba, to rectify its major business lines to comply with laws and regulations, in order to ensure fair market competition and protect consumers' due interests, according to the central bank on Sunday (Dec 27).