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ANT GROUP FINE
Ant Group reshuffle: Han Xinyi appointed new president in biggest restructuringSome units of Ant Group will set up their own boards of directors to operate more independently, according to a source who saw an internal ...19 Mar, 2024, 04.56 PM IST- Ant group quarterly profit rises nearly 18% on year to 13 billion yuanAlibaba, which spun off Ant 12 years ago, said last month it had decided not to participate in Ant's proposed share buyback and would maint...10 Aug, 2023, 08.38 PM IST
- 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...12 Jul, 2023, 12.43 PM IST
- 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...10 Jul, 2023, 06.12 PM IST
- 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...10 Jul, 2023, 05.57 PM IST
- 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 ...08 Jul, 2023, 02.20 PM IST
- 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...08 Jul, 2023, 09.28 AM IST
- Chinese payment giants Alipay and Tenpay fined for rule breachesAnt Group's Alipay was slapped with a fine of 3.01 billion yuan ($416 million) while Tencent Holdings Ltd's Tenpay was fined 2.99 billion y...07 Jul, 2023, 07.37 PM IST
- 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.07 Jul, 2023, 06.26 PM IST
- 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...07 Jul, 2023, 02.29 PM IST
- 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...07 Jul, 2023, 10.20 AM IST
- 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...18 Apr, 2023, 03.36 PM IST
- Ant Group says no plan for IPO, focusing on business optimisationAnt Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him ...08 Jan, 2023, 07.30 PM IST
- 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...07 Jan, 2023, 11.41 AM IST
- Alibaba reports first operating loss as a public companyThe fine by China's markets regulator in April was the largest-ever of its kind13 May, 2021, 06.28 PM IST
- 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...12 Apr, 2021, 01.54 PM IST
- 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...10 Apr, 2021, 01.17 PM IST
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