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Alibaba shares slump 5 percent on Beijing's scrutiny of Ant Group

Agence France-Presse
Posted at Feb 22 02:44 PM

Shares in Alibaba slumped more than 5 percent on Tuesday following a report that Beijing regulators had ordered a fresh investigation into state firms' links with the Chinese e-commerce giant's fintech arm Ant Group. Read more »

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

Julie Zhu and Kane Wu, Reuters
Posted at Nov 05 08:29 AM

Alibaba's government relations team was subsequently told by Chinese officials that Beijing was unhappy about Jack Ma meeting Donald Trump without its prior approval, two of the people close to the company said. Read more »

GCash operator Mynt raises $300 million in funding

ABS-CBN News
Posted at Nov 02 10:32 AM

Mynt, the fintech firm behind GCash, on Tuesday said it has raised $300 million (P15 billion) in funding which brought its value to over $2 billion. Read more »

Alibaba founder Jack Ma reappears in Hong Kong - sources

Kane Wu and Julie Zhu, Reuters
Updated as of Oct 13 08:49 AM

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters. Read more »

What is driving China's clampdown on Didi and data security?

Josh Horwitz and Yilei Sun, Reuters
Posted at Jul 07 08:44 PM

Some investors and experts suspect that by targeting a high-profile tech company that listed in the United States, Beijing is signalling it wants its data-rich tech firms to list domestically, not overseas, for security reasons.   Read more »

Jack Ma to step down as president of his business school: FT

Agence France-Presse
Posted at May 24 04:01 PM

Chinese billionaire Jack Ma, founder of e-commerce giant Aibaba, is going to step down as president of the elite business school he founded after having been caught in a Beijing clampdown on tech titans, the Financial Times reported Monday. Read more »

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure: sources

Reuters
Posted at Apr 19 08:46 AM

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to the company. Read more »

Ant Group shelves share buyback for current and departing staff: Bloomberg

Reuters
Posted at Mar 02 12:19 PM

Jack Ma's Ant Group Co has shelved a share buyback program for current and departing staff, partly because of uncertainty over how to value the company, Bloomberg News reported on Tuesday, citing executives familiar with the matter. Read more »

Alibaba's $10-B buyback plan fails to halt stock slide amid regulatory concerns

Yilei, Sun and Julie Zhu, Reuters
Posted at Dec 28 06:39 PM

Alibaba shares slumped 9 percent to their lowest since June on Monday, as the firm's upsized $10 billion buyback program failed to ease concerns about a regulatory crackdown on co-founder Jack Ma's e-commerce and financial empire. Read more »

China financial regulators urges Ant Group to set 'rectification' plan swiftly

Reuters
Posted at Dec 27 08:02 PM

China's financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the "rectification" work it needs to perform. Read more »

Ant to refund $167.7 billion to Hong Kong investors after IPO is suspended

Enoch Yiu, South China Morning Post
Posted at Nov 04 09:40 PM

Hong Kong retail investors who had applied for Ant Group’s record US$39.67 billion IPO will get refunds in two batches, after the fintech giants decided to suspend the offering. Read more »

Shanghai stock exchange suspends Ant Group's A-share IPO

Reuters
Posted at Nov 03 09:45 PM

The Shanghai stock exchange has suspended Ant Group's A-share IPO on its STAR Market, which was initially set for Thursday, the Chinese exchange said on Tuesday.   Read more »

Ant Group gets Chinese nod for Hong Kong leg of $35 billion dual-listing

Reuters
Posted at Oct 19 10:53 AM

The company plans to list simultaneously in Hong Kong and on Shanghai's STAR Market, in what could be the world's largest IPO, surpassing the record set by oil giant Saudi Aramco's $29.4 billion float last December.   Read more »

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Yingzhi Yang and Brenda Goh, Reuters
Updated as of Sep 25 03:16 PM

Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ahead of its blockbuster IPO.   Read more »

Alibaba fintech arm eyes record IPO with Hong Kong-Shanghai listing

Agence France-Presse
Posted at Sep 24 02:31 PM

The financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as much as $35 billion in a joint listing in Hong Kong and Shanghai, a report said Thursday.   Read more »

Ant Group, the Alibaba payment affiliate, files to go public

The New York Times
Posted at Aug 26 11:58 AM

Ant Group, the payment- and finance-focused sister company of the Chinese e-commerce titan Alibaba, filed paperwork Tuesday to list shares in Hong Kong and Shanghai, the first steps toward what could be a blockbuster initial public offering.  Read more »

China's e-payments giant Ant Group nears mammoth IPO

Agence France-Presse
Posted at Jul 20 07:03 PM

Ant Group, the online payments giant affiliated to Chinese e-commerce leader Alibaba, said Monday it had taken the first steps toward a blockbuster dual listing in Shanghai and Hong Kong that could be among the biggest in years. Read more »

Ant Financial joins Razer, Grab in contest for Singapore digital banking license

Jane Zhang, South China Morning Post
Updated as of Jan 03 09:10 AM

Last June the Monetary Authority of Singapore unveiled plans to grant as many as 5 virtual bank licences to boost competition and innovation. Read more »

Grab seeks merger of Indonesian e-payments firms in battle vs Gojek

Reuters
Posted at Sep 11 02:06 PM

Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to better compete with Gojek. Read more »

GCash pushes financial inclusion with QR-based mobile lending facility

ABS-CBN News
Posted at Jun 26 03:21 PM

GCredit allows users to pay bills and purchase from partner merchants using a credit line accessible within the GCash app, its operator said in a statement. Read more »