UNBELIEVABLE: 3 - Caught on Camera

Top Stories of the Month: The Questions Hanging Over Ant Group

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Caixin Global · Jan 30, 2023

Banking on virtual success

Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.

Bangkok Post · Jan 22, 2023

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The Japan News/Yomiuri · Jan 12, 2023

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

The Independent UK · Jan 4, 2023

Ant digital bank expands in Singapore with small business loans

Ant Group Co’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

Bangkok Post · Nov 3, 2022

Ant Group's Alipay+ to boost cashless travel in South Korea

HONG KONG: Chinese financial technology giant Ant Group is ramping up cashless travel in South Korea through its Alipay+ programme, which supports a major collaboration between trusted mobile payment services providers across Asia.

Bangkok Post · Sep 26, 2022

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

Benzinga · Jul 29, 2022

China's big tech problem: even in a state-managed economy, digital companies grow too powerful

China’s digital economy has advanced rapidly over the past two decades, with services, communications and commerce moving online.

The Conversation · Jul 13, 2022

China's Xi Calls for Stronger Fintech Oversight, Security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. The government action has pummeled some of China's biggest tech firms, wiping out hundreds of billions of…

Asharq Al-Awsat · Jun 23, 2022

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

Key takeaways: •      Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer •      ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased

Benzinga · Jun 22, 2022