Brief: Alibaba & Tencent Founders Buy Shares in Ping An
Alibaba founder Jack Ma and Pony Ma, founder of Tencent Holding have purchased shares in large China insurer Ping An. According to a report in the FT (subscription), the pair participated in a private...
View ArticleAlibaba Partners with British Lenders as it Expands Financial Platform Reach
Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to...
View ArticleAlibaba Hires Former Goldman Vice Chairman as President of Alibaba Group
Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct...
View ArticleAlibaba’s Ant Financial Launches Integrated Investing App. Funds, Money...
China’s population lands somewhere around 1.4 billion. Within this group there are around 740 million mobile internet users. In China, basically just about everything is happening on a mobile phone...
View ArticleBrief: Alibaba & Tencent Founders Buy Shares in Ping An
Alibaba founder Jack Ma and Pony Ma, founder of Tencent Holding have purchased shares in large China insurer Ping An. According to a report in the FT (subscription), the pair participated in a private...
View ArticleAlibaba Partners with British Lenders as it Expands Financial Platform Reach
Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to...
View ArticleAlibaba Hires Former Goldman Vice Chairman as President of Alibaba Group
Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct...
View ArticleAlibaba’s Ant Financial Launches Integrated Investing App. Funds, Money...
China’s population lands somewhere around 1.4 billion. Within this group there are around 740 million mobile internet users. In China, basically just about everything is happening on a mobile phone...
View ArticleAlibaba Continues its Push for Global Dominance with Stake in Paytm
Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports,...
View ArticleAlibaba Must Acquire Starbucks, WeWork, Airbnb, Uber, Tesla & PayPal
During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech...
View ArticleChina: WeiyangX Fintech Review
CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on...
View ArticleChina: WeiyangX Fintech Review
People’s Bank of China Official Shares Opinions About Fintech Sandbox During the third development forum held by Shanghai Payment & Clearing Association, Li Wei, head of the People’s Bank of China...
View ArticleChina Restricts Micro-Loans; Alibaba’s Ant Financial Halts Asset-Backed...
Following China’s decision to restrict micro-loans, Alibaba’s Ant Financial has reportedly halted its consume loan lending. According to Bloomberg, the company has not sold any asset-backed securities...
View ArticleAlibaba Acquires Kaola for $2 Billion from Entertainment Giant NetEase,...
Chinese multinational conglomerate Alibaba Group has acquired Kaola for approximately $2 billion from Hangzhou-based entertainment giant NetEase. The acquisition has created the largest cross-border...
View ArticleChinese Fintech Ant Financial Is Working with Several Banks to Revive its IPO...
Ant Financial is reportedly working with several banking institutions in order to revive its plans for conducting an initial public offering (IPO). The Fintech company’s decision to go public has come...
View ArticlePushing Pause: Ant Group Listing on Shanghai Exchange Postponed
Following a meeting with Chinese regulators, Ant Group’s listing on the Shanghai exchange has been postponed. Poised to become the largest ever Fintech IPO at $34 billion, the hurdle is a disappointing...
View ArticleTranslated: Shanghai Stock Exchange Statement Suspending Ant Group’s IPO
In a crushing move by the Shanghai Stock Exchange, Ant Group’s highly anticipated listing on the exchange was suspended, hitting pause on what was poised to be the largest public offering of a Fintech...
View ArticleAnt Group Is Reportedly Moving Forward with Digital Banking License...
Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for...
View ArticleStraight 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...
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