Ant Community, a firm backed by billionaire Jack Ma, is reportedly planning to restructure and slash ties to some operations that will not be core parts of its Chinese monetary industrial. The transfer prepares the firm for a doable preliminary public offering (IPO) in Hong Kong.
Citing anonymous sources, mainstream media outlet Bloomberg reported that the company relayed to its shareholders that the firm is having a peek to meander away its blockchain database management out of a foremost entity, which might then be applying for a monetary retaining license in China.
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