Ant Group

Platform News: Ant Group and the FinTech sector in China

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 ...

Platform News: China's Alibaba online marketplace

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...

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 Industry News: People looking at an iPhone 11

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...

Platform News: China's Alibaba online marketplace

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.

Platform News: Wall Street in New York

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...

Platform News: Jack Ma, the founder of Alibaba

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...

Platform News: Ant Group and the FinTech sector in China

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...

Platform News: Jack Ma, the founder of Alibaba

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.

Platform News: Ant Group and the FinTech sector in China

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

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...

Platform News: Alibaba online marketplace

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...

Platform News: Ant Group and Alipay

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?

Platform News: Ant Group and Alipay

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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