Ant Financial Services Group

From Disciplinarian to Cheerleader: Why China Is Changing Its Tone on Business

With the economy in a fragile state, Chinese officials are starting to use more business-friendly language, and also to back their words with action.

Ant Group, the fintech sister company of the e-commerce behemoth Alibaba, is one of China’s most influential companies.

A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.