4 ms·

Any source? I'm genuinely interested

• baybal2 8y ago
  Ant is effectively a bank, and a huge one at that. The showstopper there is its staggeringly low capital ratio of ~0.5% - this is not a typo. If it were to be classified as a bank, it will have to be instantaneously closed down for violating just every banking regulation China has. And this is the true contention point, if they were to close Ant or arrest Ma with his Robin Hood image, it will be extremely unpopular.