Ant ant moles holding company with the same regulation as the bank

Jack Mae laid siege Ant Group Co. is planning to fold its financial operations into a holding company, which, according to people familiar with the situation, could regulate its bank more like a single bank while developing more profitable units.

Fintech Giant plans to move any unit that needs a financial license from the holding company, pending regulatory approval, people said, adding that the matter was private and asked not to be named. Plans are still under discussion and subject to change, people said. The ant declined to comment.