Page 5 - Ant Group

China orders Jack Ma's Ant Group to return to roots in payments services

The central bank summoned Ant executives over the weekend and told them to "rectify" the company's lending, insurance and wealth management services

Ant turning from windfall to nightmare for its global investors

Authorities berated Ant for sub-par corporate governance, disdain toward regulatory requirements, and engaging in regulatory arbitrage

China orders Ant to return to its roots in payments services

The series of edicts represent a serious threat to the expansion of Ma's online finance empire

China launches probe into Jack Ma's Alibaba over monopoly allegations

Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights

Beijing should look within: Jack Ma's Alibaba is China's own creation

Alibaba's 20-year rise to supremacy is due in no small part to government policies, which protected and coddled the now-booming internet sector

Ant Group stops offering sales of online deposit products at Chinese banks

Ant has "voluntarily removed" the online deposit products from Alipay "in accordance with the recent regulatory requirements for online deposits services," according to a company statement

China's Ant considers Paytm stake sale amid tensions with India: Report

Paytm, which is also backed by SoftBank Group Corp among others, was valued at about $16 billion during its latest private fundraising round a year ago.

Paytm refutes report suggesting China's Ant Group considering stake sale

Paytm on Wednesday refuted a report saying Chinese financial technology giant Ant Group, one of its key stakeholders, might be considering sale of its 30% stake

Top headlines: Ant considers Paytm stake sale, UK nod to Pfizer vaccine

US court rejects Trump rules limiting H1-B visas to skilled workers, Maruti Suzuki sees 'much better' 2021, govt gets three bids for BPCL, and more top headlines of the day

'Financial stability is political': Inside China's crackdown on tech giants

President Xi Jinping urged financial regulators to 'dare to' master their supervisory role

This hottest India internet stock is surging on back of startup investments

Info Edge India climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange's 10-member IT index. The company runs Naukri.com, nation's leading job-hunting platform

Xi cracks the whip on everything to strengthen party grip on China

And right now they revolve around the convergence of technology, finance and Hong Kong

Chinese President Xi Jinping decided to halt Ant's $37-billion IPO: Report

China's President Xi Jinping personally decided to pull the plug on Ant Group's $37-billion (£28 billion) IPO, the Wall Street Journal reported, citing officials with the knowledge of the matter

Chinese President Xi Jinping pulled the plug on Jack Ma's Ant IPO: Report

The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial watchdogs

China's move to halt Ant IPO could slash fintech giant's value by $140 bn

Ant faces more scrutiny, tougher China regulatory requirements

China's central bank says Ant IPO halted to safeguard investors, consumers

The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt

Jack Ma was right: Can't regulate an online lending platform like a bank

China's yearslong deleveraging campaign to weed out bad actors in its financial underbelly should be a lesson

Ant's botched IPO: Inside the chaotic unraveling of Ma's $35 bn stock debut

Experts indicate that Jack Ma's open criticism of Chinese government's approach to financial regulation may have invited the ire of the all powerful Chinese state

Outrage among some Ant investors that risks weren't flagged better

Ant did make disclosures about major regulatory risks in China in its prospectus and investors are expected to factor in a degree of regulatory uncertainty when making investments

Ant's botched IPO: How China shot itself in foot, lost a golden opportunity

The Shanghai Stock Exchange's surprise suspension of Ant Group's record-breaking initial public offering Tuesday night changed the landscape