Page 2 - Ant Group

Billionaire Jack Ma plans to cede control of China's Ant Group: Report

Ant, an affiliate of Alibaba, has been subjected to a sweeping restructuring by China, whose initial public offering of $37 billion, was derailed by the country's regulators in late 2020

Alibaba removes Ant Executives amid shakeup and increased Chinese scrutiny

Jack Ma's twin empires have been recasting themselves amid closer scrutiny by China's watchdogs on everything from corporate governance to dealings among affiliates.

Jack Ma's Ant Group set to apply for China finance licence this month

The People's Bank of China intends to accept Ant's application to become a financial holding company once it's submitted

China gives nod to Ant IPO, firm says it has no plan to go public

Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding, aims to file the preliminary prospectus for the offering as soon as next month

Alibaba's stock slips as big hopes on Ant IPO revival quickly fade

Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.

Alibaba beats revenue estimates on demand for niche China shopping services

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties

Jack Ma exits Paytm Mall; offloads 43% stake for Rs 42 cr: Report

Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.

Paytm Mall pivots to build on ONDC as primary focus, explore exports scope

Alibaba and Ant Group exit Paytm Mall

Alibaba reports smallest rise in quarterly revenue, misses expectations

The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending

China tells banks, state firms to report exposure to Jack Ma's Ant

It was unclear what triggered the new scrutiny or whether it will lead to any actions or conclusions by regulators

Warburg Pincus cuts Ant valuation by 15% to below $200 bn: Report

This is far short of the $315 billion that was touted one year ago during its IPO

Ant group's profit grows by 39% in June quarter as investments gain

The company contributed $1.4 bn to Alibaba Group Holding's earnings

China plans to break up Ant's Alipay, force creation of separate loans app

Beijing wants to break up Alipay and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday.

Chinese state firms to take big stake in Ant's credit-scoring JV

The plan would represent one of the most prominent outcomes of a govt push for state-backed firms to exert more control and influence

China's securities regulator vows to crack down on private equity funds

The China Securities Regulatory Commission will work to root out "fake" private equity funds that are actually sold to the general public, Chairman Yi Huiman said in a speech

China investigates top government official of Alibaba's home city

Hangzhou Municipal Party Committee Secretary Zhou Jiangyong, 53, has been placed under investigation for serious violations of party discipline and state law

Why Xi Jinping waited years to launch his crackdown on tycoons

Many were surprised by Xi's sweeping moves to rein in the private sector over the past 12 months

Sebi examines Ant Group and Alibaba holdings in IPO-bound Paytm

To become a professionally managed company, no single entity can own more than 25 per cent in Paytm

Tencent boss Pony Ma loses $14 billion in crackdown, more than Jack Ma

While Pony has long had a reputation for staying out of the limelight, that hasn't shielded his company from penalties including antitrust fines and the loss of exclusive music streaming rights

Ant Group's profit falls 37% to $2.1 billion after regulatory setbacks

Billionaire Jack Ma's fintech giant contributed nearly 4.5 billion yuan ($696 million) to Alibaba Group Holding Ltd.'s earnings, a company filing showed Tuesday