China's Ant Group increases registered capital by 47% to $5.4b

China's Ant Group increases registered capital by 47% to $5.4b

Ant Group's Hangzhou Headquarters. Source: Ant Group

China’s Ant Group has raised its registered capital to 35 billion yuan ($5.44 billion) from 23.8 billion yuan, public business registration records showed, as the fintech giant continues its government-mandated restructuring.