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ANT REGULATORS FINE
China's Ant Group plans to list overseas unit in Hong Kong, report saysAnt was founded by billionaire Jack Ma and is 33% controlled by Alibaba. It operates China's ubiquitous mobile payments app Alipay. Chinese...- China's Ant Group plans to list overseas unit in Hong Kong: ReportAnt Group, affiliated with Alibaba, is reportedly planning to list its overseas arm, Ant International, on the Hong Kong stock exchange. Th...
- Jack Ma’s wealth dips $4.1 billion, dragged by Ant’s reduced valuationOnce China’s richest tech tycoon, Jack Ma may now be worth $30 billion, which is less than half of his peak wealth before the failure of th...
- Alibaba shares rise 5.5% amid hopes Ant regulatory crackdown is endingThe scrutiny of the last two years created an uncertain environment that wiped billions off China tech sector share prices, including onlin...
- Explained: What’s next for Ant after its nearly $1 billion fine?Ant's story so far has been one of a dramatic reversal in fortunes: while its shelved $37 billion IPO in 2020 had valued the company at $31...
- Ant's surprise share buyback values firm at steep 75% discount to IPOAnt's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily ...
- Ant to buy back shares at 70% lower valuation than at IPOThe limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation...
- China ends Ant Group's regulatory revamp with $984 million fineChina's central bank on Friday announced a fine of 7.12 billion yuan ($984 million) for Ant Group.
- China to end Ant Group's regulatory revamp with fine of at least $1.1 billionChinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with di...
- China to end Ant Group's regulatory revamp with fine of at least $1.1 billionThe People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expecte...
- China expected to lower fine on Ant Group to about $700 million: reportChinese authorities, notably the People's Bank of China (PBOC) which has been driving a revamp at Ant after its $37 billion IPO was scuttle...
- Jack Ma to give up control of Chinese fintech company Ant GroupChina's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adj...
- Chinese state firms to take big stake in Ant's credit-scoring JV: SourcesThe partners plan to establish a personal credit-scoring firm to handle Ant's treasure trove of data on over 1 billion consumers, said the ...
- Ant Group explores ways for Jack Ma to exit as China piles on pressureOfficials from People's Bank of China (PBOC), and the country's financial regulator held between January and March talks with Jack Ma and A...
- China's Ant explores ways for Jack Ma to exit as Beijing piles pressure: SourcesAnt denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subj...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaAlibaba has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of the country's regulat...
- China fines Alibaba record $2.75 bn for anti-monopoly violationsThe ruling Communist Party is tightening control over China's biggest e-commerce and other internet companies and has warned them not to us...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaThe Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of t...
- Tencent faces broad China clampdown on Fintech, DealsAsia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s o...
- China orders Ant Group to rectify businessesThe People's Bank of China summoned Ant executives on Saturday and ordered them to formulate a rectification plan and an implementation tim...
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