{"id":30691,"date":"2021-12-28T12:18:49","date_gmt":"2021-12-28T12:18:49","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=30691"},"modified":"2021-12-28T12:18:49","modified_gmt":"2021-12-28T12:18:49","slug":"chinas-ant-group-to-close-worlds-largest-mutual-aid-platform-next-month-amid-regulatory-scrutiny-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=30691","title":{"rendered":"China\u2019s Ant Group to close world\u2019s largest mutual aid platform next month amid regulatory scrutiny"},"content":{"rendered":"<p>Source: China &#8211; 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\u2019s ongoing regulatory crackdown on financial services in the technology sector.Xianghubao \u2013 which means \u201cprotect each other\u201d in Chinese \u2013 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\u2019s fintech industry,\u2026<a href=\"https:\/\/www.scmp.com\/business\/article\/3161316\/chinas-ant-group-close-worlds-largest-mutual-aid-platform-next-month-amid?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":30692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/30691"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30691"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/30691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/30692"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30691"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}