Ant group says will strictly comply with all regulatory requirements

A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen
FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song

December 24, 2020

BEIJING (Reuters) – China’s Ant Group on Thursday said it has received a meeting notice from regulators, and will strictly comply with all regulatory requirements.

China’s financial watchdogs including the central bank and banking and insurance regulator said they will conduct regulatory talks with Ant Group within the next few days, while the country’s market regulator on Thursday said it has launched an investigation into Alibaba Group for alleged monopoly conduct.

(This story corrects to say Alibaba Group being probed for suspected monopolistic conduct in second paragraph, not Ant Group)

(Reporting by Lusha Zhang and Ryan Woo; Editing by Shri Navaratnam)