Jan 19, 2023 09:02 PM

FINANCE

In Depth: The Questions Hanging Over Ant Group

By Liu Ran and Kelsey Cheng

Observers are curious about whether Ant Group will revive IPO plans and how it will go about getting licensed as a financial holding company. Photo: VCG

Observers are curious about whether Ant Group will revive IPO plans and how it will go about getting licensed as a financial holding company. Photo: VCG

The clouds hanging over Ant Group Co. Ltd. are finally parting.

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry.

Ant Group’s business, operations and management all went through tremendous changes, including decoupling the company’s highly lucrative consumer lending business from its payments service Alipay and improving its corporate governance.

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