Wednesday, January 20, 2021
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Tag: Ant Group

Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank

The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...

Ant Group Should Serve as a Lesson for Other Online Tech Giants: China’s Banking Regulator

China's top banking regulator has called for other Internet giants to take heed of the difficulties recently endured by Jack Ma's fintech...

Chinese Regulators Demand Ant Group “Return” to Payments During Official Talks Following Launch of Anti-trust Probe into Alibaba

A senior official from the People's Bank of China (PBOC) has shed light on the nature of the "regulatory discussions" held with...

Ant Group Announces “Rectification Plan” Following Launch of Anti-trust Probe into Alibaba and Official Sit Down with Regulators

Fintech giant Ant Group has unveiled a prompt response to the launch of an anti-trust investigation into the business practices of its...

Ant Group Slashes Credit Quotas for Younger Users of Huabei Consumer Finance Product

Chinese fintech giant Ant Group has dramatically reduced the amount of credit available via its Huabei (花呗) consumer finance product for certain...

Beijing Launches Anti-trust Probe into Jack Ma’s Alibaba

Jack Ma's online e-commerce and fintech empire is coming under increasing pressure from central government authorities in the wake of the shelving...

China’s Ex-Finance Minister Warns against Fintech Platforms Becoming “Too Big to Fail” Following Ant Group IPO Debacle

The former head of China's Ministry of Finance (MOF) has warned of the perils of Chinese fintech platforms becoming excessively large and...

Ant Group Withdraws Online Deposit Products in Response to Requests from Chinese Regulators

Chinese fintech giant Ant Group has withdrawn its online deposit products just a little over a month following the shock cancellation of...

Ant Group Grabs Approval for Digital Banking License in Singapore

Chinese fintech giant Ant Group is behind one of the four successful applicants for Singapore's first round of digital banking licenses.

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...