by AIP Online Bureau | Jul 7, 2023 | International News, Regulation
Jack Ma,founder, Ant Group The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a...
by AIP Online Bureau | Feb 25, 2023 | Eco/Invest/Demography, Technology
The deliberations follow Ant affiliate Alibaba Group Holding Ltd.’s sale of its stake in Paytm, as the e-commerce giant pared back investments in India amid growing geopolitical tensions. Ant’s sale would be for technical and not political reasons, the people added...
by AIP Online Bureau | Jan 7, 2023 | Eco/Invest/Demography, Regulation, Technology
Chinese billionaire Jack Ma Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, but has exercised control over the company through related entities, according to Ant’s IPO prospectus filed with the exchanges in 2020....
by AIP Online Bureau | Nov 23, 2022 | Eco/Invest/Demography, Non-Life, Regulation, Technology
The regulators also pushed Ant, whose businesses span payment processing, consumer lending and insurance products distribution, to revamp its business structure and bring it under tighter regulatory supervision Chinese authorities are poised to impose a fine of more...
by AIP Online Bureau | Jun 11, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...
