China has forced a sweeping restructure on the Ant Group so the financial technology firm acts more like a bank. Ant Group's mega $37bn (£27bn) share market launch was derailed by regulators in November...
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China's Warning to Tech Firms After Alibaba and Ant Group Crackdown
China has put dozens of local tech companies on notice to heed the country's antitrust laws or else they could face the ire of government regulators. The move comes after authorities fined Jack Ma's Alibaba Group $2.8 billion and also ordered sweeping restructuring changes to his Ant Group financial technology firm. Read more to learn about China's latest attitude change towards Ma and souring relationship with the tech industry.
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The Chinese government is warning dozens of tech companies to heed anti-monopoly laws after issuing a record-setting fine against tech giant Alibaba …
The details for Ant’s restructuring plan after its IPO was called off have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will be restructuring as a financial holding company,...
Hong Kong (CNN Business) — Jack Ma's business empire just suffered a one-two punch as China continues to tighten the screws on its tech champions. Chinese regulators have ordered Ant Group, which owns...
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is …
The Chinese government says it is issuing a $2.8 billion fine on the e-commerce company Alibaba Group for violating its anti-monopoly regulations. Alibaba is one of the most influential tech giants in...
Share Email Based on Ant Group’s 2020 numbers, some investors around the world have tagged the Chinese company with a valuation in excess of $200 …
China’s regulatory-imposed revamp of Jack Ma’s Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what would...
China’s financial regulators and Ant Group, controlled by Chinese billionaire Jack Ma, have agreed a plan to overhaul the planet’s largest financial …
Read More About Ant Group and Jack Ma
Once revered in China as one of the country's top businessmen, Jack Ma seems to have found himself on the outs with the government of Xi Jinping. The Alibaba co-founder finds his businesses are facing...
