Chinese Authorities place pressure on Jack Ma's Ant Group
Ant Group is China’s premier FinTech (Financial Technology) company. The company operates China’s largest digital payment platform, the AliPay app, similar to Venmo in the US, or Revolut in Europe, but also offers online loans which they provide in partnership with traditional banks. The app is by far the largest of its kind in the world, servicing 700 million monthly users.