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Business Matters: Huge fine for tech giant Ant Group

Huge fine for tech giant Ant Group

08/07/2023 GMT

BBC World Service - Business Matters, Huge fine for tech giant Ant Group

China hits Jack Ma's Ant Group with a fine of nearly $1bn.

Chinese regulators slap finance companies including Ant Group with huge fines. But does this mark the end of the country's crackdown on Big Tech?

Tech giant Ant Group is one of several companies facing massive fines imposed by the Chinese government. Ant offers loans, credit, investments and insurance to hundreds of millions of customers and small businesses, and is part of the empire of founder Jack Ma.

Plus: the end of an era, as Ford stops production of its iconic Fiesta model.

Roger Hearing is joined by Toronto based tech journalist Takara Small,  and Colin Peacock, host of Mediawatch on Radio New Zealand.

Picture:  Logos of Alipay and Ant Group (credit CFOTO/Future Publishing via Getty Images)

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