Source: China – South China Morning PostAnt Group, the fintech company affiliated with e-commerce giant Alibaba Group Holding, said it will close its Xianghubao mutual aid platform next month, amid Beijing’s ongoing regulatory crackdown on financial services in the technology sector.Xianghubao – which means “protect each other” in Chinese – will cease on January 28 next year, according to an Ant Group notice sent to users on Tuesday.The closure of the mutual aid service is the latest sign of the shake-out in China’s fintech industry,…Read More