Leidi.com Rakuten December 13
The National Enterprise Credit Information Publicity System shows that Chongqing Ant Small and Micro Loan Co., Ltd. changed its name to Chongqing Ant Small and Micro Information Technology Co., Ltd., and its business scope no longer includes loan business. In the future, the Huabei business will be taken over by Chongqing Ant Consumer Finance Co., Ltd. (hereinafter referred to as Ant Consumer Finance).
Ant Group stated that after the small loan company exits, it will maintain the continuity of its existing business and ensure that user service experience is not affected.
According to reports, Ant Shangcheng Small Loan and Ant Small Loan were once the main entities providing users with borrowing and Huabei services. Since 2023, the two small loan companies have withdrawn from the market as planned.
According to the overall arrangement of Ant Group’s consumer finance business, Ant Consumer Finance will undertake the consumer credit business of small loan companies that complies with regulatory requirements.
In October 2023, Ant Consumer Finance was approved to increase its registered capital from 18.5 billion yuan to 23 billion yuan. The additional capital will be used to orderly undertake the Huabei and Jiebei businesses of two small loan companies.
———————————————
Leidi was founded by media person Lei Jianping. If you reprint, please indicate the source.
