Ant Group

All financial and business entities must review their balance sheets and report their ties to the Alibaba affiliate.

One of Ant Group’s largest enterprise clients is China’s central bank.

Xiang Hu Bao has issued payouts to 186,000 patients since its inception.

Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations.

Regulators now mandate the processing of user data to be more transparent.

Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services.

Huabei is utilized by more than 200 million people and will be peeled off from the Alipay super app.

Online lending is being curbed while Beijing aims to build a stake-backed credit scoring system.