Factbox-Ant Group to overhaul business as Beijing clamps down


FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo

BEIJING (Reuters) -Ant Group, the fintech group controlled by Chinese billionaire Jack Ma, will restructure as a financial holding company in a sweeping overhaul that underscores China's determination to rein in its internet giants. [L1N2M50R0]

In a statement, Ant Group said it would do the following:

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