Page 3 - Ant Group

Chinese regulator orders Ant Group to carry out a major overhaul

Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Tencent Holdings profit beats expectations even with tech crackdown

Regulators are said to be considering forcing the firm to overhaul its promising fintech division in a similar fashion to Jack Ma's Ant Group Co

Food delivery start-up Zomato planning to file $650 mn IPO next month

Deliberations are ongoing and details of the offering such as size and timeline could change

Global investors value China's Ant Group at over $200 billion: Report

The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO

China's Ant Group CEO Simon Hu departs amid regulatory-driven revamp

Hu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, the financial technology giant said

Ant Group publishes financial self-discipline rules amid Chinese scrutiny

Chinese regulators have tightened their grip on fintech companies, amid concerns over systemic financial risks brought by the financial empire affiliated to China's e-commerce giant Alibaba Group

Ant employees expected a windfall, but are stuck with unsellable shares

The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering

Amid employee concerns, Ant says will find solution for unsellable shares

Ant suspended a share buyback program for current and departing staff in July to prepare for the IPO

Ant Group plans to hive off credit data in revamp; sees IPO in 2 years

Ant's restructuring plan, which Reuters reported on Wednesday, could ease billionaire founder Jack Ma's regulatory woes

China's Ant to hive off credit data in revamp; sees IPO in 2 years: Report

Ant's restructuring plan could ease billionaire founder Jack Ma's regulatory woes

Ant Group reaches agreement with Chinese regulators on overhaul

Ma's fintech giant will become a financial holding company

Ant Group reaches deal with Chinese regulators on restructuring: Report

An announcement about the restructuring, which will result in the company being subject to capital requirements similar to those for banks, could come before the start of China's Lunar New Year holida

Ant Group reaches deal with China regulators on overhaul: Report

Ant Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, according to Bloomberg News.

Jack Ma's reappearance buoys Alibaba, fails to soothe all investor concerns

While Ma has stepped down from corporate positions and earnings calls, he retains significant influence over Alibaba and Ant

China plans online payment rules that may hit Ant Group, Tencent

The rules present the strongest and most detailed message yet of regulators' plans to curb monopolistic practices in the online payments industry

Jack Ma emerges for first time in months since crackdown on Ant, Alibaba

Speculation about Ma's whereabouts and his standing with President Xi Jinping's government had reached a fever pitch in recent weeks

'He is laying low': Jack Ma's local bar awaits its most famous regular

Ma, who used to come at least once a month to the bar that was opened by Alibaba executives in early 2019, hasn't been around since late last year, said one worker

Primavera chairman believes Jack Ma 'safe and sound', upbeat on Ant

Alibaba founder Jack Ma, who also controls Ant, has not been seen in public since Ant's IPO debacle.

China's spat with Jack Ma is bid to control big tech. Silicon Valley next?

Flagship changes like loosening merchant exclusivity might have had more impact several years ago, before competition intensified, but the direction of travel is clear

Jack Ma's Ant Group may survive this bump but won't be super-unicorn again

Over the last year, the government has encouraged the growth of consumer finance companies as well as the existing units of banks that deal in the business