China's Ant said to hive off credit data in revamp; sees IPO in 2 yrs

China's Ant said to hive off credit data in revamp; sees IPO in 2 yrs

Ant Group's Hangzhou Headquarters. Source: Ant Group

Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track.