China Newsbase
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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.
WSJ News Exclusive | Chinese Regulators Try to Get Jack Ma’s Ant Group to Share Consumer Data
Beijing is trying to get Jack Ma to do something the beleaguered billionaire has long resisted: share the troves of consumer-credit data collected by his financial-technology behemoth.
WSJ News Exclusive | China Eyes Shrinking Jack Ma’s Business Empire
Beijing could potentially take a larger stake in Mr. Ma’s businesses, as regulators zero in on the billionaire in a campaign to strengthen oversight of an increasingly influential tech sphere.
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group
Alibaba has erased almost all its stock-market gains this year, just days after Chinese regulators signaled a major change in their posture toward the e-commerce behemoth and its finance affiliate, Ant Group.
China Tells Ant Group to Refocus on Its Payments Business
Chinese financial regulators moved to rein in Ant Group, the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas.
Ant Group says it will establish working party to meet China regulator demands
Chinese financial services and technology firm Ant Group said on Sunday it will establish a "rectification" working party and implement regulatory requirements in full, in a statement issued after a meeting with financial regulators.
China pushes Ant Group overhaul in latest crackdown on Ma
China's central bank disclosed on Sunday it had asked the country's payments giant Ant Group Co Ltd to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma.
WSJ News Exclusive | Jack Ma Makes Ant Offer to Placate Chinese Regulators
The offer appeared a mea culpa of sorts from the Chinese billionaire as he found himself face to face with officials from China’s central bank and agencies overseeing securities, banking and insurance.
Ant’s chairman lays out rehabilitation plan after ‘body check-up’
The Shanghai Stock Exchange pulled Ant Group’s IPO on November 3, halting what would have been the world’s largest-ever listing. Chinese regulators unleashed a torrent of new rules soon afterwards designed to bring the entrepreneurial Chinese fintech sector to heel.
China’s Xi Ramps Up Control of Private Sector. ‘We Have No Choice but to Follow the Party.’
The push is driven by a deepening conviction within the country’s leadership that markets and entrepreneurs are not to be fully trusted. “The market-reform camp is all but gone,” says one economist.
Lufax tweaks business as China clamps down on Big Tech lending
Shanghai-based Lufax is one of the first major fintech companies to clearly lay out how it will adapt its business model to tighter and more complex regulation across China.
Ant Group’s Stalled IPO Seen Slashing Its Value by $140 Billion
China’s move to halt Ant Group Co.’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates.
Why China Changed the Rules on Jack Ma’s Ant Group: QuickTake
Years of loose regulatory oversight in China helped billionaire Jack Ma’s Ant Group become the world’s most-valuable financial giant, with businesses spanning payments, banking, wealth management and insurance. But a turnabout in rhetoric from Chinese authorities -- and new rules they slapped suddenly on its lucrative consumer-loan business -- signal the once-fertile landscape for the fintech industry has changed. The first casualty was Ant’s $35 billion mega-listing on the eve of its debut in S
Ant Group IPO faces at least 6-month delay after Beijing intervention
Chinese fintech’s valuation could fall after being hit by new regulations
'It's a joke': retail investors shocked as China halts Ant Group's IPO
Mom-and-pop investors who put in bids worth a record $3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.
Ant Founder Jack Ma Faces Backlash From Regulators
The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and China’s top regulators.
Exclusive: Trump administration shelves bid to blacklist China's Ant Group - sources
The Trump administration has put on hold an effort to blacklist Ant Group Co Ltd , the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top U.S. government official...
Ant Group IPO draws record influx of cash into Hong Kong
Surging inflows force authorities to intervene in market to guard US dollar peg
Ant Group to close IPO to institutions early due to heavy orders
Subscriptions 'pouring in' from investors eager for piece of $34.5bn offering
China's Ant Group prices world's biggest IPO to raise $34.5bn
Retail investor mania for blockbuster listing in Hong Kong and Shanghai
All About Ant Group, the Next Big Tech I.P.O.
The tech giant’s coming share sale will be among the largest ever. But the company has made most of its impact in just one country: China.
