China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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24 articles matching the search query.
‘The other shoe has finally dropped’ — Phrase of the Week
The 7.12 billion yuan fine for Ant Group brings an end to years of uncertainty.
The tech crackdown is officially over
A high ranking official has officially declared the more than two-year tech crackdown to be officially over, and it ended — as it began — with Ant Group.
Made in China 2025 is back, with a new name and a focus on database companies
The Chinese government has yet another plan to domesticate the country’s IT infrastructure and to take back control of its data from foreign companies. Chinese investors have taken note.
What the Ant Group IPO reboot means
China’s financial regulators are reportedly holding discussions to allow Ant Group to revive its IPO, two years after it was suspended.
Alibaba’s stock blues
Alibaba’s stocks plummeted all over the globe. At such cheap prices, should wary investors cash in?
Editor’s note for Friday, January 21, 2022
A note for Access newsletter readers from Jeremy Goldkorn. Today: Anti-corruption investigations are coming to Big Tech, and Ant Group is connected to a corruption scandal involving Zhou Jiangyong, the former Party secretary of Alibaba’s home city of Hangzhou; Guangdong Province says it has eliminated “hidden local government debt”; German companies pressure Lithuania to back down in China dispute; Chinese media poke fun at the U.S. for 5G service troubles near airports; and more.
Beijing to require Ant’s Alipay to spin off separate loan app
Ant Group knows how its customers spend their money, and can target them for loans if they are profligate spenders. That practice may be about to end, according to a new report on upcoming regulator actions.
China’s Red New Deal: Tracking all the different crackdowns on companies going on right now
Updated October 26: The China Project’s tracker of all of China’s different crackdowns — now affecting 19 different industries or interest groups.
China’s ‘Big Tech crackdown’: A guide
The Chinese government is tightening its control over Chinese technology companies in dramatic ways: There will be a sea change in 2021: Capital flows between the U.S. and China will in some cases reverse, and the incentives that have driven the Chinese economy for the last two decades have changed.
Beijing is going to restrain Ant, not kill it
Alibaba affiliate Ant Group is taking a hammering from regulators, but the government’s intent is to tame the fintech giant, not ruin its business.
Ant issues self-disciplinary rules, CEO resigns
Alibaba affiliate and fintech giant Ant Group wants to appease the authorities with self-regulation, but will this be enough to get the government off its back?
China’s digital currency goes global as domestic trials expand
The People’s Bank of China leads the world in digital currency pilots, and now the virtual yuan is going global.
China curbs online lending, forces tech firms to pay more
Ant Group and other fintech lenders will need to pay $30 for every $100 it issues under new rules as Chinese regulators tighten requirements for online lending and control on financial risks.
China fines three large internet companies for Anti-Monopoly Law violations
Beijing is beginning to enforce antitrust regulations on large internet companies. Three — Alibaba, China Literature, and Hive Box — received small fines today, and more firms are reportedly under investigation.
Ant Group underfoot — why U.S. markets aren’t dead yet
The government may have just been waiting for the right moment to crack down on China’s internet giants, but why now? Why Alibaba? What happened behind closed doors?
Wall Street blunts the ‘delisting’ hype
The retreat of Chinese companies from American capital markets is an overblown story, argues Kevin Xu. On the contrary, the last year has seen the most Chinese fundraising in the U.S. since 2014.
After Ant IPO suspension, Beijing eyes antitrust regulation for tech sector
A week after the surprise suspension of the Ant Group’s gargantuan IPO, Chinese regulators are taking the country’s entire tech sector to task. Newly drafted antitrust regulations would bring scrutiny to Alibaba, Tencent, Meituan, JD.com, and others.
Public opinion on Jack Ma swings wildly after China calls off Ant Group’s IPO
The domestic reputation of Jack Ma — the Chinese billionaire and co-founder of tech giant Alibaba — has taken a precipitous tumble after China suspended the blockbuster listing of Ant Group, a financial technology company affiliated with Alibaba.
Ant Group IPO suspended after Jack Ma criticizes regulators
The Shanghai Stock Exchange postponed the massive IPO of Ant Group, a few days after its majority controller, Jack Ma, criticized China’s state-dominated banking system. The exact reasons for the suspension are not yet clear.
After delay, Ant Group’s gargantuan IPO set for early November
Alibaba affiliate Ant Group offers financial services to an enormous population that had previously been neglected by China’s banks, and now the company is set to list in Hong Kong and Shanghai.
