(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 …
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 …
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.
