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...
Ant-Backed Rural Lender and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO October 27, 2023 By Pei Li Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering...
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...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group January 6, 2023 By Zen Soo HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for...
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...
China Signals Ant’s Reemergence in Accepting Financial Holding Company Plan: Reuters June 17, 2022 By Julie Zhu and Xie Yu HONG KONG, June 17 (Reuters) – China’s central bank has accepted Ant Group’s application to set up a financial holding...
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...