Beijing has ordered Ant Group to overhaul lucrative parts of its business after accusing the Chinese payments company of “turning a blind eye” to regulatory issues in the latest official broadside at … ( read…
Tagged By banking
China Tells Ant to Return to Its Payment Roots, Places Curbs
Chinese regulators ordered Jack Ma’s online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of … ( read…
China’s central bank makes rare public rebuke of Ma’s Ant Group
China’s central bank has accused Ant Group of “turning a blind eye” to regulatory compliance issues and ordered it to “rectify” its operations in the latest government broadside directed against Jack … ( read original…
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group
Alibaba has erased almost all its stock-market gains this year, just days after Chinese regulators signaled a major change in their posture toward the e-commerce behemoth and its finance affiliate, … ( read original story…
NetEase to shutter personal finance app Youqian in further retreat from finance-related services
NetEase, one of China’s first-generation tech giants, said it will close its personal finance app Youqian after several years of struggling to find a hit in the personal finance services space. The … ( read…
Shares of Alibaba, Tencent, Meituan take a hammering in Hong Kong as Beijing clips Ant’s wings, cracks down on monopolies
Hong Kong stocks declined on Monday as moves by Beijing to rein in the dominance of big tech sent Alibaba, Tencent and Meituan shares plummeting. ( read original story …)
As Asia embraces a zero-carbon future, Hong Kong must make a niche as a green finance hub
Trillions will be needed for China, Japan and South Korea, not to mention other Asian economies, to achieve carbon neutrality, Hong Kong’s financial sector has a critical role in helping to raise … ( read…
Tech giants Alibaba, Tencent, Meituan see share prices plunge as Beijing cracks down on monopolies
Hong Kong stocks were up and down on Monday morning, as investors watched for signals from Beijing about antitrust rules in the tech sector, and Covid-19 cases flared. ( read original story …)
China stocks end higher on upbeat data
China stocks closed higher on Monday, helped by strong industrial profit data that underscored a continued recovery in the world’s second-largest economy. ( read original story …)
Beijing moves to break up Jack Ma’s financial empire
Chinese regulators have ordered Jack Ma’s Ant Group to scale back its operations and focus on payments after accusing the fintech giant of “turning a bling eye” to compliance requ … ( read original story…
China’s Central Bank Orders Ant Group To Rectify Operations : Reports
China’s central bank has ordered Ant Group to rectify its operations and comply with regulatory requirements, according to several media reports. Billionaire Jack Ma’s Alibaba holds about 33 percent … ( read original story …)
China Tells Ant to Return to Its Roots, Imposes Curbs
Chinese regulators ordered Jack Ma’s online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of … ( read…
While China is knocking at the door of key trade agreement, will the US find its way in under Biden?
Neither China nor the US are included in CPTPP, a high-standards pact that includes e-commerce, intellectual property, labour and environmental rules. ( read original story …)
