alipay
China’s digital yuan wallets swell but usage lags
China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet ...
ByteDance says it will downsize FinTech business
China’s ByteDance, the owner of TikTok, has said that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China’s ...
US appeals courts dismiss government’s appeals of TikTok rulings
Two US appeals courts dismissed the Justice’s Department’s legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-...
China says measures applied to Ant Group to be imposed on other payment firms
China’s central bank has said that anti-monopoly measures applied to e-commerce giant Alibaba’s financial technology affiliate Ant Group will also be imposed on other p...
China’s Ant highlights distinction between NFTs and cryptocurrencies
China’s Ant Group has sought to draw a distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beij...
What’s next for Jack Ma’s Ant Group after China orders revamp?
China has imposed a sweeping restructuring plan on Ant Group, the FinTech conglomerate whose record $37 billion IPO was derailed by regulators in November, that will see the group ...
Investors value China’s Ant Group at over $200 billion after IPO halt
Some of Ant Group’s global investors have valued the notable Chinese FinTech business at a massive $200 billion based on its 2020 performance, said people with knowledge of t...
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...
Increased Chinese scrutiny increases investment risk of ‘Beast’ Ant
As Ant Group was pushing forward in August towards its IPO, at least two smaller Chinese banks using existing ties to the FinTech player decided to stop sourcing fresh customer loa...
Goldman Sachs joins syndicate for Ant IPO of up to $30 billion
Goldman Sachs has joined the growing list of investment banks working on Ant Group’s mammoth first public offering of up to $30 billion, two individuals with direct knowledge...
Alibaba’s Ant Group files for dual listing in Hong Kong and Shanghai
Ant Group, Alibaba’s FinTech arm and China’s dominant mobile payments business, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market. ...
Ant Group lines up dual listing on Hong Kong and Shanghai markets
Ant Group, the FinTech wing of Alibaba Group, has stated that it has begun the process of a dual listing in Hong Kong and on Shanghai’s market, kicking off one of the world&#...