Ant Group's micro loan service Huabei begins to share data with China's central bank

Ant Group's micro loan service Huabei begins to share data with China's central bank

Ant Group's Hangzhou Headquarters. Source: Ant Group

China’s Ant Group has begun to send its consumer credit data to a database run by China’s central bank, a key move for both the company and regulators as Beijing tightens its grip over the financial technology sector.