Alibaba’s Ant Receives Chinese Government Nod to Roll Out AI Services November 7, 2023 Ant Group Co., the fintech affiliate of Alibaba Group Holding Ltd., received approval from the Chinese government to roll out...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant January 9, 2023 By Yingzhi Yang, Brenda Goh and Kane Wu Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to...
China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources November 22, 2022 Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six...
Beijing Gives Initial Green Light to Revive Ant Group’s IPO as Crackdown Eases: Sources June 10, 2022 By Julie Zhu China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering...
China’s Alibaba Fires Woman Who Accused Boss of Sexual Assault in #MeToo Setback December 13, 2021 By Bloomberg News Alibaba Group Holding Ltd. has fired a woman who accused a manager of sexual assault, a surprise move that came...
Investor Warburg Cuts Valuation of Ant Group by 15% to Below $200B: Source November 24, 2021 By Julie Zhu, Kane Wu and Nikhil Nainan HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech...
China’s Ant Group Reports 39% Rise in Profits on Investment Gains November 18, 2021 By Patrick Winters Ant Group Co.’s profit rose an estimated 39% in the June quarter, attributed to a gain in investments as billionaire...