Proceeds in Asia, at $73.4bn, would have been far higher if payment company Ant Group had not halted its blockbuster $37bn IPO after it ran afoul of Chinese regulators. Ant’s absence handed … ( read…
Tagged By business
Ant and Beijing begin delicate, dangerous dance
The People’s Bank of China has called for the Ant Group to rectify financial regulatory violations, according to a statement released on Dec. 27. PBOC Vice Governor Pan Gongsheng said that Ant … ( read…
China highly criticizes Ant Group, tells company to switch back to its mainstay payments business
Chinese financial regulators moved to rein in Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and … ( read original…
China’s Digital Yuan Trial Sees Spending For Retail, Ridesharing And More
A second digital yuan trial by the People’s Bank of China has ended with spending on numerous things from retail to grocery to ridesharing. ( read original story …)
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
Regardless of the catalyst for their efforts, it is indisputably positive to see the gatekeepers of the traditional financial system realize the importance of crypto. China has been the clear … ( read original story…
China orders Ant Group to clean up its business practices, comply with regulations
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with … ( read original story …)
China Tells Ant Group to Refocus on Its Payments Business
Chinese financial regulators moved to rein in Ant Group, the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and … ( read original story…
Jack Ma episode has made global investors jittery about China
Mahua VenkateshNew Delhi, Dec 27 (IANS) The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. At a … (…
CCP’s Witch Hunt of Jack Ma and Alibaba Will Cripple Foreign Investments Into China
Jack Ma is a vociferous critic of the Chinese government and the nature of financial regulations in the country. ( read original story …)
China Tells Ant to Refocus on Payments Business
Financial regulators order Jack Ma’s Ant Group to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas such as personal lending, insurance and wealth … ( read original story…
China’s financial regulators order Ant Group to alter business plan
China’s financial regulators on Sunday instructed Ant Group, the world’s largest financial technology company, to quickly present a concrete plan to meet regulatory demands and rectify what they … ( read original story …)
Big blow to investments in China: Jack Ma episode has made global investors jittery
New Delhi: The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. At a time when several foreign companies ……
Jack Ma’s Ugly Face-Off With Prez Xi Making Global Investors Jittery About China
The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. ( read original story …)
