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Jack Ma’s Ant shrinks money market fund as Beijing cracks down

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Jack Ma’s Ant shrinks money market fund as Beijing cracks down

Ant Group’s money market fund has shrunk to a more than four-year low as users shifted their cash in the face of China’s crackdown on Jack Ma’s payments group. Funds invested in Ant’s flagship Yu’e Bao fund fell 18 per cent in the first three months of the year to […]

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