How will Jack Ma's Ant evolve?

Morphing back into a much more clearly defined financial service player won't be too tough for Ant. The hard part is capital commitment. PHOTO: REUTERS

(BLOOMBERG) The future of Ant Group remains up in the air after its dramatic fall from grace.

Regulators seem to have stopped short of dismantling it, and the company is considering a transition to a financial holding company, willing to be regulated like a bank. It'll be tough.

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