Investor worries over a possible new crackdown by Beijing set off steep drops in Chinese tech shares on Tuesday. Alibaba, Meituan, Tencent and JD.com were all dragged down
China's central bank imposed a 22.37 million yuan ($3.5 million) fine on MYBank, the online bank backed by Ant, for breaching rules on credit scoring management and deals with unidentified clients
In its second earnings since it went public last year, Paytm posted a consolidated net loss of 7.79 billion rupees ($104.42 million) for the quarter ended December
Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog
CCTV documentary alleged private companies made “unreasonably high payments” to the brother of former CCP head in Hangzhou in return for policy incentives and support in buying real estate
Chongqing Ant Consumer Finance is already under pressure from Beijing to absorb the group’s two micro-loan businesses Jiebei and Huabei
Xianghubao will cease operating on January 28 next year, according to a notice Ant Group sent to users on Tuesday, amid Beijing’s ongoing regulatory crackdown
The consumer finance unit of China's Ant Group will introduce four new strategic investors and boost the company's capital to $4.7 billion, an exchange filing released on Friday said
Warburg, which was a big investor in Ant's 2018 private fundraising, reportedly lowered the company's valuation to $191 billion at end-September from the $224 billion at end-June
Paytm's offering will open on November 8 and see top investor Ant Financial sell shares worth about $630 million or nearly half the offer for sale component
Chinese billionaire has kept a low profile since giving a speech in Shanghai last year criticising financial regulators. Ant was forced to drop its IPO and has undergone a major rejig.
Governor Yi Gang says nation won’t relent in crackdown that’s already snared Alibaba unit Ant Financial