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CHINA CRACKDOWN ANT
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- 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...09 Jul, 2023, 07.32 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
- 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
- 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...23 Feb, 2023, 08.54 PM IST
- 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...05 Feb, 2023, 11.33 AM IST
- 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...17 Jun, 2022, 06.49 PM IST
- 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 ...10 Jun, 2022, 03.28 PM IST
- 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...09 Jun, 2022, 10.07 PM IST
- 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...14 Apr, 2022, 09.17 AM IST
- 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...22 Feb, 2022, 09.41 AM IST
- 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....13 Oct, 2021, 10.20 AM IST
- 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...11 Oct, 2021, 09.09 AM IST
- 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...08 Oct, 2021, 10.57 AM IST
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