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Bloomberg News: CPC Commission for Discipline Inspection and...

Bloomberg News: CPC Commission for Discipline Inspection and other departments are reportedly involved in the investigation of the relationship between Ant Group and state-owned enterprises
$Alibaba (BABA.US)$ $BABA-W (09988.HK)$
The CPC Commission for Discipline Inspection participated in a comprehensive investigation in February of this year. This is also part of the investigation into the corruption case of former Hangzhou Municipal Party Secretary Zhou Jiangyong. People familiar with the matter also said that the CPC Commission for Discipline Inspection is trying to clarify the influence of Ant Group, including the specific extent of its business dealings with banks and state-owned enterprises.
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