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The China News Database was last updated at 01:50PM on November 9, 2023.
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154 articles matching the search query.
TikTok Parent’s Founder Is Latest China Tech Boss to Step Down Amid Government Crackdown
The move by the founder of TikTok’s parent to step down as CEO makes him the latest Chinese internet entrepreneur to leave the spotlight as authorities clamp down on tech giants.
Chinese regulators order Ant Group to rectify its businesses
HONG KONG (AP) — Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector.
Alibaba's Ant Group will let more users test China's digital yuan
MYbank, an online bank in which Ant has a 30% stake, is now allowing some users to link accounts with China's digital currency app, state-backed media said.
Fidelity Halves Its Ant Group Valuation After Beijing’s Clampdown
The U.S. mutual-fund giant has drastically changed its view of what Jack Ma’s Ant Group is worth after China’s regulatory crackdown on the fintech giant severely dented its growth prospects.
PayPal’s ambition and uphill battle in China
Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy for China is not to challenge the duopoly of Alipay and WeChat Pay. Instead, it wants to focus on cross-border business […]
WSJ News Exclusive | Ant IPO-Approval Process Under Investigation by Beijing
China’s central government is investigating how Jack Ma won speedy approvals for his Ant Group’s stock listing last year, signaling that state actors are getting embroiled in the crackdown on the tech billionaire.
Tencent Stresses Regulatory Compliance as Profits From Gaming, Payments Surge
Strong growth in mobile gaming and payments propelled the social-media and entertainment giant to its most profitable year yet.
Chinese Tech Faces New Curbs on Connecting Banks and Borrowers
Regulators are considering stricter rules on internet lenders’ fee-based business, people familiar with the matter say.
Exclusive: Investors value China's Ant Group at over $200 billion after IPO halt - sources
Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
China Lays Plans to Tame Tech Giant Alibaba
The e-commerce company is likely to face softer treatment than its Ant affiliate, provided it distances itself from founder Jack Ma and aligns itself more closely with the Communist Party.
Ant Group says it will help employees monetize shares and commits to listing after canceled IPO
Eric Jing, executive chairman of Ant Group, said the company will find a "short-term liquidity solution" for employees and committed to an IPO.
WSJ News Exclusive | Ant Group Boss Tries to Quell Employee Discontent With Promise of Eventual IPO
The executive chairman also said the company would look for ways to help workers monetize some of their shares after the company was forced to call off its listings.
Ant Group's Colony - The Wire China
As the world’s most valuable startup prepares to list, we take a look at who will benefit most from its IPO.
China Blocked Jack Ma’s Ant IPO After Investigation Revealed Likely Beneficiaries
Well-connected Chinese power players were behind layers of opaque investment vehicles that would have profited from the world’s largest stock listing. The information added to concerns about financial risk and anger at Ma’s outspoken criticism.
Alibaba, Amid Antitrust Pressure, Is Conducting Internal Review
Chinese e-commerce giant reports 52% rise in quarterly net income even as regulatory scrutiny intensifies.
China defines monopoly in antitrust curb of online payment services
The proposed rules, which are open to public feedback until February 19, are the most detailed yet of the financial regulators’ plan to curtail market concentration in China’s US$29 trillion e-payment market.
Ant Group Is Moving Quickly to Comply With Regulations, China’s Central Bank Says
Ant is working expediently to rectify its business practices and comply with regulatory requirements, a top Chinese central bank official.
Ant Group fintech rival JD Digits restructures amid crackdown
Fintech company JD Digits has been restructured as JD Technology, with the addition of JD.com’s artificial intelligence and cloud businesses, amid increased scrutiny of fintech in China after Ant Group’s scuttled IPO.
Trump’s Ban on Chinese Apps Falls to Biden to Execute—or Not
Restrictions on the use of Alipay, WeChat Pay and other apps wouldn’t kick in until February, meaning the new administration has a chance to modify or suspend the ban.
Jack Ma’s absence is stirring uneasy memories of a series of disappeared Chinese tycoons
Disappearing doesn't only happen to dissidents in China.
