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Alibaba slides on report China plans to break up payment app

Shares in Chinese technology giant Alibaba have fallen sharply after a report that its financial affiliate Ant Group is again under scrutiny.

Axar.az reports that regulators want to break up Alipay, which is China's biggest payments app with more than a billion users, according to the Financial Times.
Date
2021.09.13 / 21:56
Author
Axar.az
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