Key Points
A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020..
Oct 17 (Reuters) - U.S. mutual fund issuer Vanguard Group said on Tuesday it had sold its stake in a joint venture with Chinese fintech giant Ant Group, hastening its retreat from the world's second-biggest economy...
Vanguard's exit from China contrasts the ambitious expansion strategies of rivals like BlackRock (BLK.N) and Fidelity over recent years...
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