By Yingzhi Yang and Brenda Goh BEIJING/SHANGHAI (Reuters) – Ant Group was spun off from Alibaba Group Holding 11 years ago but the two Jack Ma-founded companies had continued to collaborate closely, and even function as one company in some aspects, to maximise their competitive advantage. Since late last year, though, the duo have been taking concrete steps to set strict operational boundaries, according to sources familiar with the matter. Here are details about their shared history, and how… Source link
Read More »Factbox-Alibaba and Ant’s ties are starting to fray under China’s glare
