Chinese regulator orders Ant Group to conduct major overhaul

FILE - In this Oct. 26, 2020, file photo, a view of the signage of Ant Group is seen at the headquarters compound of the fintech giant in Hangzhou in eastern China's Zhejiang province. Chinese regulators have ordered Alibaba Group Holding’s financial affiliate Ant Group to become a financial holding company that could be regulated more stringently and cease anti-competitive behavior, months after its record initial public offering was halted.(Chinatopix Via AP, File)