Straight From the Top: Chinese President Xi Jinping Said to Personally Hit...
Ant Group was expected to be the largest Fintech initial public offering (IPO) ever at a valuation of around $35 billion. With just days until a listing on both the Shanghai Exchange and the Hong Kong...
View ArticleChinese Fintechs Must Realize that their Products can Subject Consumers to...
Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory...
View ArticleChinese Regulators to Introduce “Special” and “Innovative” Regulatory...
China is reportedly planning to introduce “special” and “innovative” regulatory guidelines for Fintech giants like billionaire Jack Ma’s Ant Group Co., which is a subsidiary of the Alibaba Group...
View ArticleChinese Regulators Order Billionaire Jack Ma’s Fintech Ant Group to Return to...
Chinese regulatory authorities have ordered billionaire Jack Ma’s Fintech firm Ant Group Co. to return to offering payments services, instead of attempting to expand its operations into consumer loans...
View ArticlePresident Trump Signs Executive Order to Ban US Transactions with Chinese...
US President Donald Trump has signed an order that aims to place a ban on US transactions with eight major Chinese apps – which reportedly includes Ant Group’s Alipay and Tencent Holdings’ online...
View ArticleChinese Fintech Ant Group’s Business Restructuring May Impact its Revenue and...
After facing increasing pressure from Chinese authorities, billionaire Jack Ma’s Fintech firm Ant Group is now focused on restructuring its business operations in order to serve as a financial holding...
View ArticleAnt Group CEO is Out as Fintech Attempts to Mollify Regulators: Report
Ant Group CEO Simon Hu has resigned from the Fintech according to multiple reports. Ant Group has seen its trajectory diminish in recent months following the decision of securities regulators to halt...
View ArticleChinese Fintech Ant Group Is Reportedly Considering Ways for Jack Ma to Make...
China’s Ant Group is looking into potential ways for billionaire Jack Ma to make an exit as Beijing continues to increase its pressure and scrutiny of Fintech businesses in the country, according to a...
View ArticleBillionaire Jack Ma Gives Up Control of Chinese Fintech Firm Ant Group
Billionaire entrepreneur Jack Ma will reportedly end an acting-in-concert pact with three senior executives who had given Ma a 53.46% share of the voting power in Fintech firm Ant Group. Following the...
View ArticleChinese Authorities Conclude Ant Group’s Regulatory Restructuring Process...
China’s regulatory authorities revealed on Friday (July 7, 2023) a 7.12 billion yuan (approximately $984 million) fine for Ant Group, a decision that effectively ends a lengthy regulatory revamp of the...
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