Beijing | China's central bank disclosed on Sunday that it had asked the country's payments giant Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma.
The announcement came more than a month after Chinese regulators abruptly suspended Ant's blockbuster $US37 billion ($48.6 billion) initial public offering in Shanghai and Hong Kong, and only days after the country's antitrust authorities said they had launched an inquiry into Mr Ma's e-commerce conglomerate Alibaba Group Holding.
