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China plans to break up Alipay

Ant could also be forced to hand over the user data that underpins its loans decisions to a new credit scoring firm, which would be partly state-owned. Shares in Chinese technology giant Alibaba have fallen sharply after a report that its financial affiliate Ant Group is again under scrutiny, now Regulators want to break up Alipay, which is China’s biggest payments app with more than a billion users and A separate platform for the app’s profitable lending operation would be created under the plan. DO you think that this is a personal war ?

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