(Reuters) -China’s Ant Group, the fintech giant whose $37 billion IPO was derailed by regulators days before it was due to list in November, is to restructure as a financial holding company. The …
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China’s exports expected to soar 30% in Q1 amid rapid economic recovery
Driven by robust demand due to the rapid recovery in major economies, China’s exports are expected to rebound sharply in the first quarter of 2021 to reach a growth of about 30 percent year-on-year …
Amazfit GTR 2 eSIM now available in China for ¥1999 (~$305)
The Amazfit GTR 2 family added a new member last week. The new smartwatch is the Amazfit GTR 2 eSIM Edition and it joins the Amazfit GTR 2 and the Amazfit GTR 2e. The new…
Huawei to invest $1 billion on auto technology
“China adds 30 million cars each year and the number is growing … sedans and the firm has teamed up with domestic players such as BAIC BluePark New Energy Technology Co. to develop smart car…
Applied UV Receives Patent for Pathogen Destroying Devices in China
“Including China, we have received ten crucial patents for our foundational pathogen destroying technology, which defines an exciting new path to address the global challenge of infection prevention …
China’s Ant to become financial holding firm under enforced revamp
China’s Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country …
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 …
Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators -sources
Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people …
Record Alibaba Fine Shows China’s Big Tech Can’t Fight Back
After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators.“Alibaba would not have achieved our growth without sound …
