On March 1, according to a Reuters report, Ant Group is negotiating financing matters with other shareholders, seeking an additional RMB 30 billion for its consumer finance business to meet regulatory needs.
Reports show that Ant plans to bring most of its micro-lending business into related businesses, which is estimated to involve 1 trillion yuan in outstanding loans. If shareholders refuse to increase capital, Ant plans to introduce new investors. Some sources said that some shareholders are still unclear about the prospects of Ant Group's listing, and some shareholders hope to convert their holdings to Ant Financial Holdings, which is more likely to be listed.
Ant Group's small and microloan business includes Huabei and Bibei. The two together contributed nearly 40% of the company's revenue in the first half of last year. However, under the new regulations in the Mainland, unless a new license is obtained, its operations will be limited to them. Chongqing where the main body is located.