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Stock impact report

Jack Ma-Backed Ant Weighs Exiting Personal Credit Firm Baihang [Yahoo! Finance]

TENCENT HLDGS UNSP/ADR (TCEHY) 
NASDAQ:AMEX Investor Relations: tencent.com/en-us/investor.html
Company Research Source: Yahoo! Finance
Most Read from Bloomberg CDK Tells Car Dealers Their Systems Will Likely Be Down for Days Car Dealerships Across US Halt Services After Cyberattack Putin's Hybrid War Opens a Second Front on NATO's Eastern Border United Airlines Jet Turns Back After Engine Piece Falls Off At Blackstone's $339 Billion Property Arm, the Honeymoon Is Over The company will need to offload its 8% holding because of policy guidance that entities can only hold one license in each business category, the person said, requesting not to be named because the matter is private. Ant didn't respond to an emailed request for comment. Ant also holds a 35% stake in Qiantang, which has applied to become the third firm with a license to conduct personal credit assessments. Central bank Governor Pan Gongsheng said in January that the People's Bank of China was working with the Zhejiang government to provide guidance on the application. Founded in 2018, Baihang was set up under the guidance of the centra Show less Read more
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