Ant Financial’s Latest Challenge is Chinese Policy Makers

Ant Financial is unlike any other company in the world, providing a wide swath of products and services; the company handles $2.4 trillion in mobile payments every quarter and also runs the world’s largest money market fund; they have 870 million customers; policy makers in China are concerned that Ant may pose a systemic risk to the economy; new rules would require them to obtain licenses and also meet capital requirements. Source