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Should Alipay be broken up?

According to a report by Financial Times, authorities want to break up fintech group Ant Group’s payment service Alipay and create a separate platform for the company’s credit business. Ant is also expected to hand over all collected user data for customer credit assessments to a new joint venture that also involves two state-owned companies, FT reported, citing two people familiar with the matter. Ant itself has not yet commented on the issue.

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