Financials Jul 31, 2020 04:21 PM (GMT+8) · EqualOcean
The State Council’s antitrust committee has launched a campaign aimed at scrutinizing businesses of China's major digital payment providers -- Alipay, which belongs to Alibaba-affiliated (BABA:NYSE) Ant Group, and WeChat Pay, a business unit of Shenzhen-based corporation Tencent (00700:HKEX). The country's central bank triggered the investigation, sources say.

Source: Reuters

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