ant-group | ABS-CBN News

Philippines' GCash launches cross-border payments with Alipay+

Jessica Fenol, ABS-CBN News
Updated as of Nov 24 07:45 PM

GCash now works in select stores not just in Singapore but also in Malaysia, South Korea and Japan. GCash and Alipay+'s partnership enabled the e-wallet to be used in stores that accept Alipay+ payments. Read more »

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 »

US examining Alibaba's cloud unit for national security risks

Alexandra Alper, Reuters
Posted at Jan 19 08:33 AM

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to US national security, according to 3 people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with US firms. 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 »

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

Tony Munroe, Reuters
Posted at Apr 13 09:26 AM

China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its internet giants.   Read more »

China to intensify supervision of booming fintech sector

Agence France-Presse
Updated as of Mar 05 05:29 PM

China announced plans Friday to boost supervision of the country's huge fintech sector and beef up its anti-monopoly drive, months after a crackdown on the sector that dealt a severe blow to e-commerce titan Alibaba and tycoon founder Jack Ma. 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 »

Jack Ma makes first public appearance since Oct in online meeting

ABS-CBN News
Updated as of Jan 20 01:07 PM

Alibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday, local government media reported, making the businessman's first appearance in public since October. Read more »

Why China turned against Jack Ma

Li Yuan, The New York Times
Posted at Dec 25 06:34 AM

In China, Jack Ma is synonymous with success. The English teacher turned internet entrepreneur is the country’s richest person. But lately, public sentiment has soured, and Daddy Ma has become the man people in China love to hate. Read more »

China begins anti-monopoly probe into tech giant Alibaba

Laurie Chen, Agence France-Presse
Posted at Dec 24 03:24 PM

China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma. Read more »

Ant Group’s chairman breaks silence after halt in largest global IPO

Alison Tudor-Ackroyd, South China Morning Post
Posted at Dec 16 01:03 PM

Ant has conducted a comprehensive self-review, akin to a ‘body check-up’. Ant Group’s Eric Jing promises to align business with national development priorities in the next five years and pledges greater transparency. Read more »

Ant Group's shock IPO suspension hammers Alibaba shares

Dan Martin and Jerome Taylor, Agence France-Presse
Posted at Nov 04 01:37 PM

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.   Read more »

Ant Group affirms pledge to embrace supervision, stable innovation in regulatory meeting

Enoch Yiu, South China Morning Post
Posted at Nov 03 12:38 PM

Four Chinese regulators met Ant Group controlling shareholder Jack Ma, executive chairman Eric Jing and chief executive Simon Hu, securities regulator says. The fintech company said it would implement ‘views’ from the meeting to provide inclusive service, and help improve people’s livelihood. Read more »

Fin or tech? China's Ant, biggest-ever IPO, says it's a tech firm not a bank

Yingzhi Yang, Cheng Leng and Julie Zhu, Reuters
Posted at Nov 03 08:10 AM

A spinoff from billionaire Jack Ma's Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.   Read more »

What is Jack Ma’s Ant Group and how does it make money?

Alison Tudor-Ackroyd and Chad Bray, South China Morning Post
Updated as of Oct 28 05:39 PM

China’s digital payments transaction volume is expected to increase to US$61 trillion by 2025. Consumers and small businesses’ credit balance in China could swell to US$7.45 trillion by 2025. Ant has only tapped 4 percent of this market so far. Read more »

Ant Group IPO to rocket Alibaba founder Jack Ma's wealth

Agence France-Presse
Posted at Oct 27 01:25 PM

Chinese tech titan Jack Ma is set to become the world's 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the Bloomberg News. Read more »

All about Ant Group, the next big tech IPO

Raymond Zhong, The New York Times
Posted at Oct 27 11:15 AM

Instead of listing in New York, as many other Chinese internet companies have done, Ant is going public in Hong Kong and Shanghai.   Read more »

Ant Group to launch $35 billion IPO after final nod from China regulator

Colin Qian, Julie Zhu and Meg Shen, Reuters
Posted at Oct 22 01:23 PM

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. 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 »

Secrecy and speed: Inside Ant Group’s unusual IPO process

Kane Wu, Julie Zhu and Scott Murdoch, Reuters
Posted at Oct 02 08:44 AM

Ahead of what's likely to be the world's largest initial public offering, China's Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources familiar with the matter said. Read more »