Friday, 24 March, 2023

Alibaba and Ant's relationship is deteriorating due to China's surveillance

<p>Although Jack Ma formed Ant Group and Alibaba Group Holding separated 11 years ago, they continued to work closely together and in some ways even operated as a single entity to increase their competitive edge. In a handful of transactions, Ant, and Alibaba have also invested together. However, according to people with knowledge of the situation, the pair has been putting rigorous operational restrictions into place since late last year.</p>