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Jack Ma summoned by China's regulators on eve of Ant Group debut

China has been tightening rules and imposing capital demands on the sprawling financial operations of conglomerates such as Ant in an attempt to curb risks to its $49 trillion financial industry

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Jack Ma

Bloomberg News 



Jack Ma
Jack Ma during a Bloomberg Television interview

Four Chinese regulators including the central bank and banking watchdog called billionaire and Ant Group Co.’s top executives to a rare joint supervisory interview on Monday, underscoring rising government scrutiny of the company before its stock-market debut.

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First Published: Tue, November 03 2020. 01:29 IST

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