alipay

Platform Industry: ByteDance China company building

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 ...

Platform news: TikTok app based in China, US politics

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-...

Platform News: Ant Group and Alipay

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...

Ant Group

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...

Platform News: Ant Group and the FinTech sector in China

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 ...

Platform News: Ant Group and the FinTech sector in China

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...

Platform News: 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...

Alipay

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

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...

Platform News: Ant Financial

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. ...

Platform News: Ant Financial

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&#...