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Jack Ma Reportedly Being Ousted from Ant Group by Chinese Authorities

Storied Internet entrepreneur Jack Ma is reportedly being forced by Chinese authorities to make a complete withdrawal from his fintech and payments platform Ant...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve cross-border payments...

Ant Group Summoned for Another Round of Discussions with Chinese Authorities, Pan Gongsheng Outlines Key Regulatory Plans

Beleaguered fintech giant Ant Group has met with Chinese regulators for another round of discussions, just after affiliate company Alibaba was hit with a...

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order to deal...

Chinese Politburo Sends Seven Signals for Economic Focal Points in 2021

A recent meeting of the Politburo of the Chinese Communist Party (CCP) has sent seven signals on key focal points for its economic policy...

Ant Group’s IPO Scuppered by China’s Launch of New Online Micro-loan Rules, Will Face Major Re-valuation as a Consequence: Analysts

Chinese analysts say that the suspension of Ant Group's record-breaking IPO on the Hong Kong and Shanghai bourses was due to ongoing efforts by...

Inaugural List of China’s Top 10 Fintech Companies Released by Hurun Report

The Hurun Report has just released its first list of the top 10 enterprises in China's fintech sector in terms of value. On 27...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of big data...

China’s Blockchain Services Network The Biggest Event in Computing Since the Cloud: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that the launch of the world’s biggest blockchain ecosystem by China promises to unleash a wave of innovation...

Tencent’s Pony Ma Touts “New Infrastructure” at China’s 2020 Two Sessions

Beijing ambitions to accelerate the creation of "new infrastructure" has emerged as a focal point for Tencent's Pony Ma at the 2020 Two Sessions...