The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

The penalty will pave the way for fintech giant to become a financial holding company and eventually allow it to revive its plan for a stock market listing.

Insiders and analysts say Pan Gongsheng is known as a risk averse financial technocrat, who played a key role in crackdowns on perceived threats over the past decade

No Chinese firm has listed in US or Hong Kong under the new exhaustive rules, frustrating firms and investment bankers

The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials

Chip designer Arm is looking to raise $8-$10 billion on Nasdaq, setting the stage for this year's largest initial public offering

While big crypto companies can afford to fight the SEC, arguing that tokens are commodities, small firms have filed for bankruptcy after SEC actions, such as Beaxy exchange

New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and ensured he could direct the company’s expansion in the American crypto market despite scrutiny from regulators

A heavy influx of immigrants and a trend among young professionals to move out of multi-generational family homes were key drivers behind Singapore's sharp rise in rents and home prices

Futu Holdings and UP Fintech Holding will remove their apps in mainland China this week amid Beijing's intense focus on data security and limiting capital outflows.

ASEAN leaders issued a warning this week on the danger of traffickers' cyber scams, noting "increasing abuse of technology in facilitating trafficking in persons" via social media

A smaller fine will follow its founder Jack Ma’s recent return to China after staying overseas for more than a year after a dramatic regulatory crackdown