Ant Group Co would be turned into a financial holding company based on a restructuring plan imposed by a Chinese regulator.
The agreement calls for putting all of Ant’s businesses into the holding company, including its technology offerings in areas like blockchain and food-delivery.
An official announcement is set before the start of China’s Lunar New Year holiday which begins on Feb. 11.
Ant Group Co, an affiliate of e-commerce giant Alibaba Group, was set to make its market debut in November.
But a speech by its Ant Group founder Jack Ma criticizing China’s regulatory system led to the suspension of Ant’s $37 billion IPO set for November.
Chinese regulators since warned Ant that they intended to impose tighter regulations on the company.


GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Gold Price Holds Near $4,025 Ahead of Fed Decision as Middle East Tensions Lift Oil
Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract
US Dollar Slips Ahead of Fed Decision as Oil Prices Ease Inflation Fears
Trump Administration to Ban Chinese Robots, Power Inverters Over AI Security Concerns
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral
Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Oil Prices Jump 4% as Iran Missile Strike Revives Middle East Supply Fears
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 



