Logo 13 Apr 2021

A bad week for Jack

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

On Monday, the People’s Bank of China (PBoC) and three other financial regulators disclosed details about a plan to restructure Ant Group.

Some context: We first caught wind of this development back in January when the Wall Street Journal scooped that Ant was preparing to turn itself into a...