Daily Crunch: China presents ‘rectification’ plan for Ant Group

The Chinese government could reshape Ant Group’s business, Tesla plans to launch in India next year and the FAA announces a new ID requirement for drones. This is your Daily Crunch for December 28, 2020. The big story: China presents ‘rectification’ plan for Ant Group Less than two months ago, Chinese authorities halted the planned IPO of Ant Group, the payments and fintech company that spun out of Alibaba nearly a decade earlier. Now the government has laid out a plan for how Ant Group can become compliant and presumably…

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