Ant Group's consumer finance unit to more than double capital to $2.62b

Ant Group's consumer finance unit to more than double capital to $2.62b

FILE PHOTO: A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File Photo

The consumer finance unit of China’s Ant Group will increase its registered capital to 18.5 billion yuan ($2.62 billion) from 8 billion yuan previously, in part by taking on new investors, an exchange filing released on Monday said.