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CHINA CRACKDOWN ANT
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 ...
- 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...
- Alibaba beats quarterly revenue estimates as Covid-19 curbs easeRevenue rose 2% to 247.76 billion yuan ($35.92 billion) for its fiscal third quarter to December 31, compared with a Refinitiv consensus es...
- 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...
- China's anti-corruption watchdog involved in probe of Jack Ma's AntThe Central Commission for Discipline Inspection (CCDI) was seeking to understand the influence of Ma's fintech empire and the extent of it...
- China asks banks, firms to report exposure to Jack Ma's Ant GroupInstitutions were asked by many regulators, including the China Banking and Insurance Regulatory Commission, to closely examine all exposur...
- Billionaire Alibaba founder Jack Ma reappears in Hong KongJack Ma has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators....
- China's Ant Group increases registered capital by 47% to $5.4 billionAnt, an affiliate of e-commerce leader Alibaba Group Holding Ltd, said the increase was to support growth and was "according to relevant re...
- Chinese central bank boss vows to further fintech crackdownAuthorities have for about a year targeted a range of homegrown tech behemoths, including ecommerce titan Alibaba and food delivery giant M...
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