Global Regulators Warned About Entry of ‘Big Tech’ Firms into Financial Services August 3, 2021 By Marc Jones Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources May 28, 2019 By Kane Wu, Sumeet Chatterjee and Julie Zhu Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter...
SoftBank, Alibaba Lead $1.1B Investment in Indonesia E-Commerce Firm Tokopedia December 12, 2018 By Yoolim Lee SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that...
Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor September 10, 2018 By Lulu Yilun Chen Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding...
Google Partners with Indian Banks to Attract Users to Its Digital Payments Services August 29, 2018 By Sankalp Phartiyal Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to...
Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm August 28, 2018 By Trevor Hunnicutt, Sankalp Phartiyal and Kane Wu Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm,...
Chinese Tech Firms Seek to Shake Up State-Run Health Sector with AI and Big Data June 29, 2018 By Adam Jourdan In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along...
Explaining Ant Financial’s $150B Valuation – and Investor Enthusiasm for China Tech April 18, 2018 By Kane Wu and Julie Zhu Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources April 11, 2018 By Julie Zhu and Anshuman Daga China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion,...
SoftBank Borrows $8B, Backed by Its Stake in Alibaba, Say Sources April 6, 2018 By Donal Griffin, Ruth David and Dinesh Nair SoftBank Group Corp. borrowed about $8 billion through a margin loan backed by its Alibaba Group Holding Ltd. stake as...