copy code snippet China plans to break up Ant's Alipay and force creation of separate loans app: Report ~ News K99
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China plans to break up Ant's Alipay and force creation of separate loans app: Report

The plan will also see Ant turn over the user data that underpins its lending decisions to a new credit scoring joint-venture, which will be partly state-owned, the newspaper reported, citing two people familiar with the process.

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The plan will also see Ant turn over the user data that underpins its lending decisions to a new credit scoring joint-venture, which will be partly state-owned, the newspaper reported, citing two people familiar with the process.

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