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 …
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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 …
China’s Exports, Imports Seen Staying Buoyant in March: Reuters Poll
Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters poll showed on Monday …
China Is The First Country In The World To Launch Digital Currency And Here’s How It Works
China is the first country in the world to issue blockchain-powered digital currency to its citizens where 750,000 recipients will be getting access via a lottery system. The digital currency is the …
HAAH considers a Korean import solution
LOS ANGELES — California startup HAAH Automotive Holdings has quietly pursued a stake in struggling Korean automaker SsangYong Motor Co. while delaying its previously announced plans to acquire U.S.
Walmart China and Dada Group’s JDDJ Expand Collaboration on Omni-Channel Customer Digitalization
Meanwhile, as China’s largest local on-demand retail platform … 301266425.html SOURCE Dada Group Markets Insider and Business Insider Editorial Teams were not involved in the creation of this …
Alibaba fined $2.75 billion in China for violating anti-monopoly rules
This practice violates China’s antimonopoly law by hindering the free circulation of goods and infringing on the business interests of merchants, the regulator added. Apart from the highest-ever …
Morgan Stanley Sees China’s 1Q GDP Growth At 20% On Year
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Solar-Energy Supply Chain Depends on Region Where China Is Accused of Genocide
About half the world’s supply of polysilicon, an essential ingredient in most solar panels, comes from this part of northwestern China, where human-rights groups … weighing legislation that could …
