Sources: Beijing wants to break up Ant Group’s Alipay, which has over 1B users, and create a separate app for the company’s highly profitable loans business (Financial Times)

Financial Times:
Sources: Beijing wants to break up Ant Group’s Alipay, which has over 1B users, and create a separate app for the company’s highly profitable loans business  —  Chinese fintech will turn over user data to new joint venture partly owned by state  —  Beijing wants to break up Alipay …