Jack Ma’s Ant Group will restructure as a financial holding company, the country’s central bank said on Monday.
Monthly Archives For April 2021
Jack Ma’s Ant Group Bows to Beijing With Company Overhaul
Ant had been on track to sell more than $34 billion worth of stock and list on stock exchanges in Hong Kong and Shanghai, when Beijing pulled the plug on the deal after Mr. Ma…
Ant Group Announces Overhaul as China Tightens Its Grip
By Raymond Zhong Ant Group, the online finance affiliate of the Chinese e-commerce giant Alibaba, announced a sweeping overhaul of its business on Monday in response to demands from China’s government …
Stop! Camel time! China creates world’s first traffic signal for the humped beasts
The signal came into operation on Sunday in an area popular with tourists near Dunhuang City, Gansu province, Chinese state media outlet ECNS reported Monday. Camel-riding tours are a big attraction …
Blockchain provides major boost to speed of China-Europe rail trade
The China-Europe rail cargo trade has been given a boost in the arm with the aid of blockchain tech, which has sped up global trade.
China’s Ant Group to restructure under central bank agreement
BEIJING, April 12 (Reuters) – Ant Group, the fintech affiliate of Alibaba Group Holding Ltd BABA.N, will restructure as a financial holding company, China’s central bank said … requirements of …
China Tells Ant to Become Financial Holding Firm in Overhaul
The central bank told Ant to rectify unfair competition in its payments business and also end information monopoly … The recast is a step toward meeting the demands of China’s watchdogs, who have …
China’s Ant Group to become financial holding company -central bank
Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd, will restructure as a financial holding company, China’s central bank said on Monday … Reuters provides trusted business, financial …
West China’s Chongqing Liangjiang New Area leverages ties with SCO for greater opening-up
Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. SEE ALSO: Alibaba shares jump 8% as China ends its antitrust probe on Jack Ma’s tech empire …
Pintec To Acquire Shenzhen Jishengtai Technology – Quick Facts
(RTTNews) – Pintec Technology Holdings Limited (PT) has agreed to acquire all of the equity interest in Shenzhen Jishengtai Technology Co. Ltd, a securities technology firm based in Shenzhen, China.
Alibaba’s record fine is a ‘warning shot’ in China’s tech crackdown
Alibaba is trying to draw a line under accusations that it behaved like a monopoly after Chinese regulators hit the online shopping giant with a record fine over the weekend. But that doesn’t mean the…
Breakingviews – Capital Calls – JLL is late to China’s property services party
BETTER LATE THAN NEVER. Jones Lang LaSalle is late to a party. The $9 billion New York-listed company is weighing up a sale of its Chinese property management business for at least $500 million, per…
UPDATE 1-China March new bank loans rise to 2.73 trln yuan, beat forecast
BEIJING, April 12 (Reuters) – New bank lending in China rose more expected in March from the previous month as the central bank walks a tightrope between supporting the rapidly recovering economy …
