Ant Group


Regulators to press Chinese tech giants to share credit data 

Regulators to press Chinese tech giants to share credit data 

China plans to push tech giants including the Ant Group, Tencent and JD.com to share their consumer loan data in an effort to prevent excess borrowing and fraud.The plan, if implemented, would effectively end the government's laissez-faire approach to the industry, sources claim. Up until now, large internet platforms have …

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Fintech gets Covid tailwind 

Fintech gets Covid tailwind

(ATF) Regulatory challenges, the rise of bitcoin and accelerated digitalisation will mark the year ahead for fintech as legacy systems and manual processes will be under huge pressure to keep up and Covid-19 “fixes” and “workarounds” will be adapted as standard business processes.Fintech – technology used to support or enable …

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Alibaba’s ‘$5 billion bond’ plan might need Ma to succeed 

Alibaba’s ‘$5 billion bond’ plan might need Ma to succeed 

China's Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month.It’s claimed the move, which comes amid regulatory scrutiny of co-founder – and now missing-in-action – Jack Ma's empire, could raise up to $8 billion which the e-commerce leader …

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Ant and Tencent drop 'bank deposit shopping' as Beijing cracks down

Ant and Tencent drop bank deposit shopping as Beijing cracks down

(ATF) China's leading fintech companies such as Ant Group and Tencent have removed app features that allow users to shop around for bank deposits that offer high rates, amid mounting concern from regulators about their services being a risk to China’s financial stability.This comes after the banking regulator’s clampdown on …

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Payment, e-commerce sites come under Beijing competition scrutiny

Payment, e-commerce sites come under Beijing competition scrutiny

BEIJING/SHANGHAI: China on Tuesday published draft rules aimed at preventing monopolistic behaviour by internet platforms, a move that will increase scrutiny on e-commerce marketplaces and payment services belonging to the likes of Alibaba Group. China's State Administration for Market Regulation (SAMR), which issued the draft, said it wanted to prevent …

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Ant IPO suspension a setback for Beijing's global ambitions

Ant IPO suspension a setback for Beijing's global ambitions

(ATF) The suspension of Ant Financial’s $37 billion IPO will not just hurt the value of the company but will also inflict a blow to China’s ambitions as an independent capital market venue.Chinese regulators suspended the record-shattering Ant IPO on Shanghai's STAR market and the Hong Kong Stock Exchange two …

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China’s Ant IPO suspension bombshell will create aftershocks

China’s Ant IPO suspension bombshell will create aftershocks

(ATF) It was easy to spot short-term losers from China’s rebuke to Jack Ma for his criticism of the country’s financial regulatory framework.The decision to suspend the Ant Group IPO that had been poised to raise up to $37 billion caused a fall in Alibaba’s US-listed share price of over …

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China suspends huge Ant listing over regulatory concerns

China suspends huge Ant listing over regulatory concerns

(ATF) The Shanghai Stock Exchange has suspended the huge stock listing of Ant Group amid concern that investors have not been given proper notice about major regulatory changes announced on Monday.The bourse decided to push back the $34-billion listing originally set to take place in Hong Kong and Shanghai this …

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Ant Group 'gets nod' for HK leg of $35bn dual listing

Ant Group gets nod for HK leg of $35bn dual listing

Ant Group has won approval from China's securities regulator for the Hong Kong leg of its roughly $35 billion dual listing, sources have told news agencies.The fintech giant plans to list in both Hong Kong and on Shanghai's STAR Market in an initial public offering (IPO) early next month that …

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Ant's march lifts Hang Seng index

Ant's march lifts Hang Seng index

(ATF) Hong Kong: Asian markets were broadly weaker as the unrelenting spread of the coronavirus triggered worries about more economic disruptions amid clampdowns in Europe’s biggest cities.The pandemic has infected 39 million people worldwide and 1.1 million have perished from it.But Hong Kong outperformed on reports that Ant Group had …

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