Ant Financial was asked to organize as a bank holding company that will bring it under stricter capital control rules and regulations. It has also emerged that regulators want to break up Ant Group's Alipay, the payments app with more than 1 billion users. BABA Price Action: Alibaba shares were trading down 2.68% at $163.60 Monday morning. Related Link: 3 Alibaba Analysts Say Valuation Is Attractive Despite Q1 Disappointment Photo courtesy of Alibaba.