Jack Ma


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 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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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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Campaign against Jack Ma intensifies

Campaign against Jack Ma intensifies

(ATF) China's most famous businessman and one of the world's richest men, Jack Ma (Ma Yun) has not been seen in public for weeks, after suffering a significant fall from grace in early November.Ma missed the final episode of his reality TV show, on which he was due to appear …

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India's app ban deals another trade blow to China

India's app ban deals another trade blow to China

(ATF) India dealt another blow to China on Tuesday by banning a third batch of its apps.The Ministry of Electronics and Information Technology (MEITY) blocked access to 43 additional Chinese apps, including the popular online retail portal AliExpress, owned by Jack Ma's e-commerce giant Alibaba Group."This action was taken based …

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Ant Group IPO swept off the table

Ant Group IPO swept off the table

(ATF) Closer study of China's new microfinance rules makes the Initial Public Offering proposed by Ant Finance Group look increasingly unlikely – or that it might only happen on a much smaller scale at some unknown point in the future.On Tuesday November 17, Fang Xinghai vice chairman of the China …

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TikTok peer Kuaishou files for Hong Kong IPO

TikTok peer Kuaishou files for Hong Kong IPO

(ATF) China’s second largest online short-video company Kuaishou Technology, which is a TikTok equivalent, filed for a Hong Kong initial public offering (IPO) on Thursday that could raise up to $5 billion.The Tencent-backed start-up operates its eponymous app in China and overseas equivalents Kwai and Zynn. Its listing plans come …

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