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Ant-Financial

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts
Business 5 years ago

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

Jack Ma has not appeared in a public setting since a late October forum in Shanghai where he blasted China’s regulatory system in a speech that put him on a collision course with officials.
China pushes Ant Group overhaul in latest crackdown on Ma
Business 5 years ago

China pushes Ant Group overhaul in latest crackdown on Ma

Chinese regulators and Communist Party officials have set about reining in Ma’s sprawling financial empire after he publicly criticized the country’s regulatory system in October for stifling innovation.
China's central bank says Ant's IPO suspension is to safeguard consumer, investor interest
Business 5 years ago

China's central bank says Ant's IPO suspension is to safeguard consumer, investor interest

China halted the US$37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology and online consumer lending firm founded by billionaire Jack Ma.
Fin or tech? China's Ant, biggest-ever IPO, says it's a tech firm not a bank
Business 5 years ago

Fin or tech? China's Ant, biggest-ever IPO, says it's a tech firm not a bank

A spinoff from billionaire Jack Ma’s Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.
Indonesia plans fixed fees for e-wallet transactions: Sources
Business 6 years ago

Indonesia plans fixed fees for e-wallet transactions: Sources

The central bank wants to fix some e-wallet transaction fees at 0.7 percent, sources said.
China's 'unicorn' startups exceed US number for first time
Business 6 years ago

China's 'unicorn' startups exceed US number for first time

There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups -- known as "unicorns" -- in June 2019, according to the research firm Hurun Report.
Grab in talks to merge Indonesian payment firms to overtake Gojek: Sources
Business 6 years ago

Grab in talks to merge Indonesian payment firms to overtake Gojek: Sources

The plan points to intensifying competition in Indonesia’s digital payments industry that is seeking to piggyback on the country’s booming e-commerce market and its 260 million people.
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