The Ant Group owned and run by the billionaire Jack Ma is up for a toss and poses a threat to its investors. China has ordered Ant Group to review their businesses of lending credit, insurances by going back to being a payment portal. The authorities have asked Ant to form an agenda quickly since this is very crucial. They have also strictly asked Ant Group to not participate in any corporate governance or regulatory arbitrage. Ant Group has decided to set up a special team for the same.
