China has been cracking down on anticompetitive behaviour in the country's booming internet sector
Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, people familiar with the matter said
Chinese regulators on Sunday ordered Ant to devise a plan to overhaul its business, the latest in a series of steps to rein in Ma's online finance empire.
Alibaba shares slumped 9% to their lowest since June on Monday, as the firm's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown
Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com -- have shed nearly $200 billion over two sessions since Thursday
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While Ant's origin story comes from the ubiquitous Alipay service that piggybacked off the success of Alibaba's expanding e-commerce empire, the real money was to be made on all the extras
China's central bank disclosed it had asked Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma
Alibaba Group Holding said on Sunday its board has authorised an increase in the company's share repurchase programme to $10 billion from $6 billion
The central bank summoned Ant executives over the weekend and told them to "rectify" the company's lending, insurance and wealth management services
Authorities berated Ant for sub-par corporate governance, disdain toward regulatory requirements, and engaging in regulatory arbitrage
The series of edicts represent a serious threat to the expansion of Ma's online finance empire
China has produced its own crop of powerful internet titans, and they have been celebrated as icons of the nation's technological advancement.
Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights
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
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour in the latest blow for Jack Ma's e-commerce and fintech empire
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
And right now they revolve around the convergence of technology, finance and Hong Kong
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
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