Ant Group starts to differentiate consumer loan biz from bank loans

Ant Group starts to differentiate consumer loan biz from bank loans

Ant Group's Hangzhou Headquarters. Source: Ant Group

China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining in some of its freewheeling businesses.