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ANT Group

ANT Group

China’s Ant Closing in on $200m Deal to Buy Dutch Payments Firm

The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

2 months ago

Jack Ma’s Alipay Reign Officially Over, IPO Back on Track

The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most…

2 months ago

China Tightens Rules for Non-Bank Payment Firms Like Alipay

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

2 months ago

Shock Reversal on Cloud Unit Wipes $20bn Off Alibaba Shares

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware…

3 months ago

Huawei, Tencent Lead China Cybersecurity Patents Push – Nikkei

Patent applications filed by Chinese companies have surged in the last five years since the US began its tech curbs…

4 months ago

Alibaba Stock Slips On Daniel Zhang’s Sudden Cloud Unit Exit

The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned…

5 months ago

Ant IPO Unlikely in the Short Term, Chinese State Media Says

Once an illustrious Chinese technology giant, Ant is emerging from a near three-year-long regulatory crackdown that started with the shelving…

7 months ago

Beijing’s Crackdown Wiped $1.1 Trillion Off Chinese Big Tech

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's…

7 months ago

In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end…

8 months ago

China May Soften Charges, Reduce Fine on Embattled Ant Group

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

10 months ago

Jack Ma Returns to China in Sign of Easing Tech Crackdown

The news of Jack Ma’s return comes on the final day of the China Development forum, a government-funded event being…

11 months ago

Ant Executives Sever Ties With Alibaba After China Crackdown

Seven executives of Ant have left the Alibaba Partnership, the body that elects the e-commerce giant's board, following a demand…

2 years ago