Alibaba Unwinds Corporate Links With Ant Group

Alibaba is unwinding its links to its fintech spinoff Ant Group.
Ant Group and Alibaba are independently seeking new business, sources said.
The affiliates have started to restrict access to each other’s services, compete for clients and even strike alliances with rivals, said the sources.
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $Ant Group Co., Ltd.(688688.SH)$ $Ant Group Related(BK1287.HK)$ $Ant Financial Concept(BK0362.SH)$