Alibaba

Ant Group

China to push its tech giants to share consumer credit data

China intends to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess fraud and borrowing, two individuals with knowledge of the i...

President Donald J Trump

Trump signs order banning transactions with eight Chinese apps including Alipay

President Trump has signed an executive order prohibiting trades with eight Chinese software applications, such as Ant Group’s Alipay, ” the White House stated, escalat...

Alibaba

Alibaba to shut down Xiami music app next month

Alibaba Group will shut its audio streaming platform Xiami Music following month, in a move that marks a step back from its ambitions to push into China’s entertainment indus...

Jack Ma

Where is Ant Group’s Jack Ma?

Alibaba and Ant Group founder Jack Ma has been under scrutiny by Beijing since he delivered a speech back in October that some criticised China’s regulatory system.

Ant Group

China’s Ant cuts credit limits for some young Huabei users

China’s Ant Group is lowering borrowing limits for some young users of its Huabei virtual credit card product, the company said on Wednesday, a month after China frozen the f...

Tencent

China to crank up anti-trust heat on Big Tech after unprecedented fines

China’s unprecedented anti-trust squeeze onto its technology giants isn’t only just beginning.

Paytm

Ant considers Paytm stake sale amid tensions with India

Chinese fintech giant Ant Group is considering selling its 30% stake in Indian electronic payment chip Paytm amid tensions between the two Asian neighbours and a toughening competi...

iQIYI

Sources: Alibaba and Tencent put talks to buy iQIYI stake on hold

Alibaba Group Holding Ltd and Tencent Holdings Ltd have every held separate talks with Baidu Inc to obtain a controlling stake in movie streaming service iQIYI Inc, people with kno...

Alibaba

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

China’s move to draft rules aimed at preventing monopolistic behaviour by online platforms is timely and necessary, Alibaba Group CEO Daniel Zhang has said.

China

China publishes draft competition rules for online platforms

China’s economy regulator has just printed draft rules aimed at preventing monopolistic behaviour by internet platforms, in a move that will boost scrutiny on the countryR...

Alibaba

Alibaba beats sales forecasts on China e-commerce growth

Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce expansion after China arose from coronavirus lockdowns, and said it was assessing the suspens...

Ant Group

Jack Ma: Ant Group IPO pricing “history’s largest”

The colossal dual listing for Chinese FinTech Ant Group will be the world’s largest, according to a pricing determined late on Friday, Alibaba founder Jack Ma said over the w...

Ant Financial

Ant’s record allocation in Shanghai IPO fuels small investor scramble

Chinese FinTech Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has resulted in a scramble among younger ...

Alibaba

News short: Alibaba CFO says cloud division to be profitable within FY2021

Chinese platform giant Alibaba’s cloud unit hopes to be profitable inside 2021, a senior executive said early on Wednesday.