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Jack Ma’s clash with Beijing costs Ant, Alibaba $850 billionChinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 bil...- Jack Ma’s Ant Group wins approval for $1.5 billion capital planThe China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift its capital to 18.5 billio...
- Fidelity, BlackRock cut fintech giant Ant’s valuation furtherBoston-based Fidelity Investments cut its estimate for Ant to $70 billion at the end of May, according to Bloomberg calculations based on f...
- China's Ant Group shares credit data with central bank"The inclusion of Huabei's credit information into the credit reporting system will help users' credit information be more comprehensive," ...
- Ant valuation seen falling to $29 billion in worst-case scenarioAnt Group's valuation could drop to a range of $29 billion to $115 billion, from $320 billion previously
- What's next for Jack Ma's Ant Group after China orders revamp?Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as...
- AdaniKartFlipkart has roped in the Adani Group to enhance its supply chain infrastructure and set up its third data centre in the country.
- China's Ant to become financial holding firm under enforced revampThe overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion an...
- Ant Group to restructure as a financial holding company: China's PBOCUnder terms of the agreement with People's Bank of China, Ant Group will cut "improper" linkage between payments service AliPay, virtual cr...
- Ant turning from windfall to nightmare for global investorsAuthorities also berated Ant for sub-par corporate governance, disdain toward regulatory requirements, and engaging in regulatory arbitrage.
- Ant is said to face slim chance of getting IPO done in 2021Ant is still in the early stages of reviewing changes needed to appease regulators, who demand that its business comply with a slate of new...
- Chinese President Xi Jinping decided to halt Ant's IPO: WSJThe decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma lau...
- How billionaire Jack Ma fell to earth and took Ant's mega IPO with him=The regulatory system was stifling innovation and must be reformed to fuel growth, billionaire Ma told a summit in Shanghai on Oct. 24 att...
- Ant's IPO fiasco set to clip its wings and dent its value"Ant's business is likely to be restricted by new financial regulations. As a result, the relaunched IPO price will most likely be lowered,...
- Watchdog checks out on Jack Ma ahead of world's biggest IPOThe meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held in ...
- China's oil giant PetroChina reports $162 billion liabilityPetroChina obtained regulatory approval in December to issue no more than 40 billion yuan worth of corporate bonds, state-run Xinhua news a...
- Coca-Cola to invest $4 billion in China over next 3 years: CEO Muhtar KentCoca-Cola's sales volume has continued to grow in China, up by 6 per cent in the second quarter of 2015 over the same period last year.
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