Alibaba


Chinese banks return to popularity after crackdown on fintech firms

Chinese banks return to popularity after crackdown on Internet firms

(ATF) Chinese banks, once in danger of being shoved aside by Internet giants, are enjoying newfound popularity as Beijing cracks down on tech companies and their ventures into finance.More traditional financial institutions in the country hope to reclaim lost business, such as consumer loans, from financial technology (fintech) players such …

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Ant IPO could get back on track if it follows the law: PBoC chief

Ant IPO could get back on track if it follows the law: PBoC chief

(ATF) Jack Ma’s Ant Group will be able to resume its planned IPO once it fixes its problems according to the law, China's central bank chief has said.In the meantime, sources said Ant is planning – in the face of severe regulatory pressure – to refashion itself as a financial …

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China's Ant Group said to be selling US eye verification subsidiary

China's Ant Group said to be selling its US eye verification subsidiary

(ATF) China's Ant Group is reportedly planning to sell its US biometric security firm EyeVerify amid growing tensions between Beijing and Washington over China's technology companies and tightening scrutiny over US data.Ant, the financial technology affiliate of Alibaba Group, is in talks with a number of potential US buyers, Reuters …

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China’s new payment rules draw the line for Alipay, WeChat Pay

China’s new payment rules draw the line for Alipay, WeChat Pay

(ATF) China's central bank unveiled draft rules for online payment firms on Wednesday that say companies that have abused their dominance in the payment sphere will be forced to split up. Criteria specified by the rules has triggered red flags for both Alipay and WeChat Pay.This follows the regulators’ issuance …

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Jack Ma video only deepens the Alibaba mystery

Jack Ma video only deepens the mystery

(ATF) A video has appeared with billionaire Jack Ma giving a short talk to teachers working at one of his charitable projects. As the charity usually meets at this time of year, Ma says with regret they will have to meet again after the epidemic. But no details were given …

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Alibaba shares soar after Jack Ma re-emerges

Alibaba shares soar after Jack Ma re-emerges

(ATF) Shares in internet tech giant Alibaba soared on Wednesday after its founder Jack Ma resurfaced after nearly four months, and ended speculation about his well-being.The company's stock shot up 10.5% on Hong Kong, adding HK$600 billion (US$78 billion) to the company's capitalization, after the billionaire appeared in an online …

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China’s live-streaming revolution hits bumps in the road 

China’s live-streaming revolution hits bumps in the road 

(ATF) In 2020, live broadcast e-commerce was almost everywhere in China. As ATF reported the Double-11 online shopping event, which was mostly boosted via live streaming clocked of over 372 billion transactions.However, it should be noted that with the surge in live broadcasts, problems have arisen – in fact "chaos" …

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What's behind the Jack Ma and Alibaba regulatory woes?

What is behind the Jack Ma and Alibaba regulatory woes?

Following the recent hullabaloo over Jack Ma and his prodigy, the massive Ant Group, many analysts have made their opinions known. Some, using questionable assumptions, believe that the impact of the state scrutiny will be insignificant and recommend 'buy in the dip'. Others have been more cautious, noting the lack …

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Trump signs ban on investment in Chinese military-linked firms

Trump signs ban on investment in Chinese military-linked firms

(ATF) US President Donald Trump has signed an amended executive order that bans American companies from investing in Chinese firms affiliated with the People's Liberation Army, the White House said on January 13.The amendments force US companies to completely divest their holdings of securities of blacklisted companies by November 11. …

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Mnuchin saves Alibaba, Baidu and Tencent from Trump ban

Mnuchin saves Alibaba from Trump ban

(ATF) Treasury Secretary Steve Mnuchin has prevailed in his bid to stop Alibaba, Baidu and Tencent being added to a blacklist of firms with Chinese military links, according to news reports on Wednesday January 13. Mnuchin won a battle within the Trump administration against Secretary of State Mike Pompeo and …

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