Alipay

There is merit in carefully examining the recent developments in China's sovereign digital currency space and participating in it if India's interests are served

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.

Bitcoin declines to two-week low and ether falls 13% as crackdown widens

Trump has signed an executive order barring transactions with eight Chinese apps including Alipay and WeChat Pay to protect America's national security

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

The apps were blocked on grounds of national security.

Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai

Ant is set to raise as much as $19.8 billion in Hong Kong if it fully exercises an over-allotment option

A 2011 offshoot of Chinese giant Alibaba Group Holding Ltd., the firm has defined and dominates the Chinese payments market through its ubiquitous Alipay app

Ant's Alipay service processed $17 trillion in transactions

Any investigation would likely dampen enthusiasm for Ant Group's planned dual listing in Hong Kong and Shanghai that is seeking a valuation of more than $200 billion

Ant is planning to list on Shanghai's STAR market & Hong Kong

Earlier, there have been reports of Reliance talking to Google

The Facebook investment is a high-stakes gambit with dual possibilities

The move escalates the competition between Alipay and WeChat, the super app owned by Asia's second-largest company and Jack Ma's rival billionaire Pony Ma

SoftBank's SVF Panther (Cayman), among others has also invested in the company

The breach has affected users of both Alipay and Tencent Holdings Ltd's WeChat and some users lost up to 2,000 yuan ($288)

The app's main rival is WeChat and Apple Pay, reports Tech in Asia