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The Latest Breaking News from Ant

China's tech crackdown begins to loosen up

Ant Group might get its record-busting IPO after all.

Axios

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

Benzinga

Vending Machine Leader Ubox Spits Out Big Losses During Pandemic

Key takeaways: Ubox has filed for a Hong Kong IPO despite reporting losses in the past two years due to pandemic-related disruptions to its core vending machine business The company’s backers include Alibaba’s Ant Financial, which led a 1.6 billion yuan investment in the company in 2019

Benzinga

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China's Ant Group launches digital bank ANEXT in Singapore

BEIJING: China's Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank.

Bangkok Post

Alibaba's Ant Undergoes Major Board Reshuffle, Names Hong Kong Bourse Boss As Independent Director

Alibaba's Chinese fintech giant Ant Group has appointed Hong Kong Exchanges and Clearing chairman Laura Cha as an independent director, according to a recent website update.

Benzinga

Alibaba's Ant On Hiring Spree In Singapore As It Faces Regulatory Headwinds In China

The financial technology giant Ant Group — an affiliate company of the Chinese Alibaba Group Holding Limited (NYSE: BABA) — is expanding in Singapore as it faces regulatory challenges in its home country.

Benzinga

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

Benzinga

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Who is on Ant & Dec's Saturday Night Takeaway tonight and when is the last episode?

The singing sensation is Takeaway alumni

Bristol Post

Tencent Caught In Regulatory Turmoil Like Jack Ma's Ant Group

China looks to require Tencent Holdings Ltd (OTC:TCEHY) to include WeChat Pay in a newly created financial holding company, Bloomberg reports. The overhaul may mandate a new license for the universal mobile payments service subjecting it to intense regulatory scrutiny jeopardizing the one-stop-shop appeal reviving investor angst. Tencent needs to fold its banking, securities, insurance,…

Benzinga

Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings

Jack Ma's Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba Group Holding Ltd (NYSE:BABA) affiliate looked to comply with Chinese regulators by the move. Ant held an 18% stake in 36KR as of early 2021. Also Read: DiDi Had To Postpone Its IPO After Jack…

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga

Alibaba (BABA) Shares Under Pressure Again As Concerns Continue To Mount

Shares of Alibaba Group (NYSE: BABA) are trading lower in pre-open Tuesday in the United States on several reports that are being interpreted as headwinds for the e-commerce giant. Alibaba's share price closed 3.05% in the red in Hong Kong on the concerns discussed below.

Benzinga

Why Alibaba Shares Are Trading Lower Today

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday following reports suggesting China asked state firms to check their investments in Jack Ma's Ant Group.

Benzinga

ZhongAn's Big-Tech Ties In Focus As Alibaba-linked Ant Trims Stake

Key takeaways: • Ant Group, one of the three founders of ZhongAn, disclosed last week it trimmed its stake in the digital insurer • ZhongAn has close business ties to the three parents, especially Ant and its Alibaba affiliate under a platform cooperation agreement

Benzinga

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news in one place.

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Benzinga

Alibaba Affiliate Is Linked To Corruption Scandal: Report

China's state broadcaster has implicated Jack Ma's Ant Group in a corruption scandal,

Al Jazeera

Down but not out: China’s Alibaba looks towards challenging 2022

Chinese tech giant’s deep pockets and ability to adapt are seen as key to weathering the tough year ahead.

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