1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 ReadFILE PHOTO: On October 29, 2020, a thermal imaging camera is seen in front of an Ant Group logo at the Ant Group headquarters in Hangzhou, Zhejiang province, China. Aly Song/File Photo/REUTERS BEIJING, China (Reuters) – On Thursday, China’s central bank announced that sanctions against Alibaba’s Ant Group would be extended to other payment service providers. “Monopolistic behavior exists not just in the Ant Group, but also in other institutions,” stated Fan Yifei, vice governor of the People’s Bank of China (PBOC), at a Beijing press conference. Fan went on to say that the steps would be unveiled soon, but he didn’t elaborate. Cheng Leng and Ryan Woo contributed reporting, while Kim Coghill edited the piece./n
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