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Ant may find it easy to move on after breakup


A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo

HONG KONG, Sept 14 (Reuters Breakingviews) – Breaking up is hard to do, but China’s Ant may be able to move on quickly. Beijing wants Jack Ma’s financial technology giant to separate its payments, credit scoring and lending businesses, and is diluting it with assorted government investors. But these stakeholders might be friendly, and the loan operation looks to get a wider business remit.

Officials have imposed a sweeping restructuring of Ant since derailing its initial public offering last November. At the parent level, the group, which owns the payments-to-wealth management Alipay app, is being rejigged into a financial holding company subject to tougher regulations. Further down, Ant’s online credit business is now in the process of being folded into a recently-approved…

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