Ant Group

Indian FinTech Paytm

Skies darken for Indian IPOs after Paytm’s disappointing debut

Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indi...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

This was supposed to be Jack Ma’s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empi...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma spotted in Mallorca in rare trip abroad after China scrutiny

Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers have said, on his first known trip abroad since he fe...

Platform News: Jack Ma, the founder of Alibaba

Billionaire Alibaba founder Jack Ma in Hong Kong?

Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent ...

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 ...

Ant Group

Chinese state firms to take big stake in Ant’s credit-scoring JV

State-backed firms are set to take their first sizeable stake in a key Ant Group asset as part of the Chinese FinTech giant’s regulatory-driven revamp that was ordered after ...

Platform News: China

China targets US IPOs, algorithms, cloud in latest tech takedown

Communist China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation of their use of alg...

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...

Platform News: China's Didi

What is driving China’s clampdown on Didi and data security?

China’s cyberspace regulator has launched a probe into ride-hailing giant Didi Global, calling for it to stop adding new users and for app stores to remove it, days after it ...

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: Bitcoin and the rise of cryptocurrencies

Bitcoin slumps further as China tightens crypto crackdown

Bitcoin has tumbled to a two-week low on China’s expanding crackdown on bitcoin mining, as investors grew more uncertain about the future of the leading cryptocurrency.

Alibaba Office Building

Anti-monopoly fine pushes Alibaba to first operating loss as public company

China’s top e-commerce platform Alibaba Group posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country’s m...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma makes rare visit to Alibaba headquarters in Hangzhou

Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus during the e-commerce giant’s annual &#...

Ant Group

Ant Group agrees to invest in Brazil loyalty co Dotz

China’s Ant Group has sealed a deal to acquire a 5% stake in the Brazilian loyalty program Dotz, according to a securities filing on Wednesday.

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 ...