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 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...
Chinese Authorities Tell Banks, State-Owned Firms to Report Exposure to Ma’s Ant Group February 22, 2022 By Bloomberg News Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial...
China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources April 19, 2021 By Julie Zhu HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology...
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...