China ends the investigation of Jack Ma’s ant with a fine of 984 million dollars
Financial regulators have fined Ant 7.12 billion yuan ($984 million), the People’s Bank of China said, concluding more than two years of investigations into the financial technology firm founded by billionaire Jack Ma. Tencent has been fined 2.99 billion yuan, according to central bank data on Friday. Shares of Ant’s Alibaba Group Holding Company rose … Read more