Ant reportedly planning to spin off OceanBase - Breaking The News

Ant reportedly planning to spin off OceanBase

22 August

1 min read

EPA-EFE/ALEX PLAVEVSKI

Ant Group Co. Ltd. plans to buy international investors out of database management OceanBase, The Information reported on Tuesday.

OceanBase will first be spun off as a separate firm, three unidentified sources familiar with the situation told the media outlet.

The move is reportedly part of the company's plans to restructure.

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