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China finalises Ant Group’s regulatory overhaul with hefty fine
The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.
Trump bans transactions to Alipay and other Chinese FinTech apps
Outgoing US president Donald Trump has signed an executive order banning transactions with eight Chinese-connected apps, including Alipay.
