Page 2 - Ant Group

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

At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India

On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India

World's billionaire factory shaken as China cracks down on 'savage growth'

Beijing's pursuit of ride-hailing service Didi and Jack Ma shows the age of unfettered gains for China's ultra-rich now appears to be at end.

China's Ant highlights distinction between NFTs and cryptocurrencies

China's Ant Group sought to draw a distinction between non-fungible tokens available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion

Alibaba senior executive says founder Jack Ma 'lying low': Report

Ma, China's best-known entrepreneur, has been largely out of public view since last year

Paytm makes offer for sale ahead of planned IPO; AGM on June 30

The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan

Jack Ma's Ant Group gets go-ahead for consumer lending unit in sign of thaw

Chongqing Ant Consumer Finance Co will have registered capital of 8 bn yuan ($1.3 bn), and Ant will hold a 50% stake

Jack Ma's Ant builds policy, govt relations team for push in Asian markets

Staff of just under 10 staff to prioritise markets in Southeast Asia, Hong Kong, and Macau; Europe will be target as well.

Paytm shares soar over 80% in grey market on hopes of a killing in IPO

The Ant Group-backed firm has got in-principle nod from its board to raise Rs 22,000 cr; IPO is expected to hit the market before end of calendar year

Alibaba aims to report strong financial earnings, after $260 billion slide

Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.

Fidelity halves valuation of Ant Group after Chinese crackdown: Report

The $144 billion valuation compares with an appraised value of $295 billion as at the end of August, the report said

Ant Group denies report it's exploring ways for Jack Ma to sell stake

The company hoped that Ma's stake would be sold to existing shareholders in Ant or its e-commerce partner Alibaba Group Holding Ltd., Reuters said

Ant explores ways for Jack Ma to exit as China piles pressure: Report

Ant Group is exploring options for founder Jack Ma to divest his stake and give up control, say sources

Ant Group to be financial holding firm in overhaul forced by China

Jack Ma's firm to fold all financial operations into holdco