Regulators want Ant's two lenders to operate via a different app, and loan applications to be assessed first by a new firm run by Ant and state entities that will decide on users' credit ratings

Beijing’s administrators have long felt frustrated by capitalist excesses as the communist state sought to tread a delicate path between prosperity and fairness – but this year their patience snapped and the lawmakers made their move

Ant and state firms in Zhejiang province plan to set up a credit-scoring firm to handle the group's data on over 1 billion consumers. The new venture could help revive Ant's suspended IPO

Ho Chi Minh City-based Loship has attracted 2 million customers in Vietnam's fast-growing market and is fresh off a $12 million funding round

Ant Group, Tencent, ByteDance, Meituan, Baidu among firms met by regulators ‘Importance of safeguarding national security’ stressed at meetings  ...

Company suspends new users as it ‘aligns with relevant laws’ on data; Move follows crackdown on Didi over alleged data misuse 

• Indian fintech set for $2.2bn IPO in three months time • It will compete with Reliance, WhatsApp on digital...

Ant Group gets green light to run consumer finance company after forced restructuring ordered by Beijing (AF) Chinese billionaire Jack...

China fined five banks for misconduct on Friday in its efforts to stamp out irregularities and maintain financial stability amid an economic recovery

China’s e-commerce colossus Alibaba Group Holding Ltd saw its quarterly revenues surge 64% on Thursday, as pandemic-restricted shoppers...

(ATF) China’s top securities regulator said on Friday it will restrict fintech companies and prohibit financial services...

Chinese regulators want the Alibaba founder to divest control of his biggest company and a new owner that is more aligned to the state, company insiders have alleged