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ANT REGULATORY CRACKDOWN
China's slow AI roll-out points to its tech sector's new regulatory realityOnce known for a cutthroat, "race to market" spirit particularly in the consumer internet sector, companies are slowing down to toe the lin...- 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...
- 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...
- 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...
- Chinese Internet firms log first revenue decline amid regulatory crackdownAccording to the South China Morning POst, the combined revenue of Chinese Internet firms decreased 1.1% to 1.46 trillion yuan ($217 billio...
- China's central bank accepts Ant's application for financial holding companyThe People's Bank of China's (PBOC) expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses stret...
- Beijing gives initial nod to revive Ant IPO after crackdown coolsAnt, an affiliate of Chinese ecommerce behemoth Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the share offering in ...
- Beijing gives initial nod to revive Ant IPO after crackdown coolsAnt, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the share offering in...
- Fidelity halves valuation of Ant Group after Chinese crackdownThe new valuation for the Jack Ma-founded company, which has been forced to restructure following scrutiny from Beijing, was $144 billion a...
- Fidelity halves valuation of Ant Group after Chinese crackdown: ReportThe new valuation for the Jack Ma-founded company, which has been forced to restructure following scrutiny from Beijing, was $144 billion a...
- Ant Group reaches deal with China regulators on restructuringAn agreement on the restructuring of Ant, an affiliate of e-commerce giant Alibaba Group, would ease investor concerns about a regulatory c...
- Alibaba's $10 bln buyback plan fails to halt stock slide as regulatory concerns mountA sharp sell-off over two sessions has knocked almost $116 billion off the tech giant's Hong Kong-listed shares.
- China's regulators vow 'special' oversight of fintech giants, including Ma's Ant GroupAdvances in technology have brought tremendous change to the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Reg...
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