BEIJING, July 8 (Reuters) - China's central bank said on Thursday that measures against Alibaba's Ant Group will also be imposed on other payment service companies.
"The monopolistic behavior does not only exist in the Ant Group, but also in other institutions," said Fan Yifei, vice governor of the People's Bank of China (PBOC), told a media conference in Beijing.
Fan added that measures will be revealed soon, without further elaboration.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments