China's highest-profile entrepreneur has not appeared in a public setting since a late October forum in Shanghai
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.
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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
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
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
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
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 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
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President Xi Jinping urged financial regulators to 'dare to' master their supervisory role
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