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
27 Apr, 2021, 05.39 PM IST
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...
12 Apr, 2021, 05.22 PM IST
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...
12 Apr, 2021, 04.43 PM IST
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.
28 Dec, 2020, 02.31 PM IST
For India to create more tech unicorns, govt should break up monopolies of global internet giantsWhile Indian entrepreneurs are globally recognised, India is behind its global peers. World currently has 252 unicorns – of this, 106 come ...
29 Mar, 2018, 10.34 AM IST
Alibaba's financial arm acquires MoneyGramThe company owns Alipay, one of China's biggest online payment platforms and controls the company that manages the country's largest market...
27 Jan, 2017, 10.28 AM IST
Alibaba launches Internet bank to lend to SMEsMYbank, which is 30 per cent owned by Alibaba's affiliate Ant Financial Services, will offer loans of up to five million yuan, the company ...
25 Jun, 2015, 11.08 PM IST
Alibaba gets permission to set up private bank in ChinaAlibaba, which completed the world's largest stock offering earlier this month, has received approval to set up a private bank, it was anno...
29 Sep, 2014, 03.11 PM IST