China Forces Restructuring of Ant Group into Financial Holding Firm April 13, 2021 By Tony Munroe BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion...
China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight March 12, 2021 BEIJING – China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities...
Ant Group and China Regulators Agree to Restructuring Plan February 3, 2021 By Bloomberg News Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into...
China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved January 27, 2021 By Bloomberg News Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief...
China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers January 22, 2021 By Brenda Goh, Zhang Yan, Cheng Leng and Tina Qiao China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of...
Ant Group Weighs Forming Holding Company, Regulated Like Traditional Financial Firms December 29, 2020 By Julie Zhu and Cheng Leng Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company...
China Pushes for Restructuring of Ant Group in Latest Blow to Founder Ma December 28, 2020 BEIJING – China’s central bank disclosed on Sunday it had asked the country’s payments giant Ant Group Co Ltd. to...
Ant Group’s Massive, Suspended IPO May Not Be Revived Until 2022 November 30, 2020 By Bloomberg News The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are...
Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened November 23, 2020 By Bloomberg News The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An...
China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth November 4, 2020 By Scott Murdoch and Kane Wu China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of...