China pushes Alibaba founder Jack Ma to downsize his finance business

9:58pm PST - December 28th, 2020    finance - Engadget

China’s crackdown on Jack Ma’s empire is far from over: The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the company to “return to its origins” as a payment provider. A…