Ant Group
Some investors lukewarm on China’s Ant Group if revived after revamp
China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...
China fines Alibaba record $2.75 billion for anti-monopoly violations
China has slapped an 18 billion yuan (approximately $2.75 billion) fine on Alibaba Group, after an anti-monopoly probe found the e-commerce giant had abused its dominant market pos...
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...
Fear? China issues anti-monopoly rules targeting its platform giants
China’s market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech gi...
Alibaba beats revenue forecast as Chinese shadow of regulators fall
Alibaba has beaten Wall Street estimates for third-quarter revenue, as its e-commerce business benefited from a switch to online shopping triggered by the global COVID-19 pandemic.
Significant tech IPO’s we’re expecting in 2021
Yes, 2020 was a blockbuster year for initial public offerings (IPO) across the global platform economy, with the likes of Snowflake and DoorDash, amongst a myriad of others debutin...
Alibaba’s Jack Ma makes first public appearance in three months
Alibaba Group founder Jack Ma made his first public appearance since October when he spoke to a group of teachers by video, easing concern about his unusual absence from the limeli...
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...
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.
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...
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 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...
China’s Ant Group says it’s a tech business not a bank
Ant Group, about to make the largest public sale of shares ever, introduces a basic conundrum: what kind of business is it – a financial colossus or a tech giant?
Ant Group IPO sees record $3 trillion in retail demand
Retail investors put bids for a record $3 trillion of stocks in Ant Group’s initial public offering (IPO), place to be the world’s biggest, as mom-and-pop Realtors sta...
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