The suspension followed a meeting between regulators and Ant executives including founder Jack Ma, China’s richest entrepreneur. Ma also founded Alibaba Group, the world’s biggest e-commerce company by sales volume, which spun off its Alipay payments service to create the company that became Ant Group.
“Views regarding the health and stability of the financial sector were exchanged,” Ant Group said in a prepared statement. The company said it was “committed to implementing the meeting opinions” but gave no details.
“We will continue to improve our capabilities to provide inclusive services and promote economic development to improve the lives of ordinary citizens,” the company said.
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