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Alipay Breakup
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The Alipay Breakup: A Microcosm of China’s Data Regulation Plans

According to a report by Financial Times (FT), China is planning to break up Ant Group’s online payment platform Alipay. The group has been instructed to create a separate application for its loan payment business. Ant Group’s shares have fallen by more than 4% since the news of the break-up first broke.