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Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank

Jack Ma s Ant Group was the next big thing. Now it may become just a boring bank CNN 2/23/2021 Analysis by Laura He, CNN Business © Qilai Shen/Bloomberg/Getty Images A pedestrian walks past an Alipay sign outside an Ant Group Co. office building in Shanghai, China, on Thursday, Dec. 24, 2020. Jack Ma s Ant Group quickly became one of China s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. Popular Searches Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant.