Ant to Pull Out of $100 Million Fund in Retreat From Crypto

Chinese fintech behemoth Ant Group Co.is planning to unwind its investment in A&T Capital, retreating from a $100 million vehicle that was central to its bet on a turbulent digital-asset arena, according to people familiar with the matter.

The move comes months after A&T’s founding partner Yu Jun resigned, around the time the firm started an investigation into his behavior in the workplace. Yu, a former Ant executive, helped the Jack Ma-backed fintech conglomerate set up A&T to invest in offshore crypto projects.

It’s unclear if the venture firm will continue to operate or snag a ...