Category: ant+
Jack Ma’s absence from public eye sparks Twitter discussions
The world’s attention is on Jack Ma’s whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October. On October 24, Ma delivered fiery remarks against China’s financial system to an audience of high-rank officials. Days later the Chinese authorities…
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Global investors flee from Chinese tech stocks after the government crackdown on Ant and Alibaba
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. Shares of major technology companies in the country have fallen…
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China lays out ‘rectification’ plan for Jack Ma’s fintech empire Ant
What a whirlwind holiday for Jack Ma and his fintech empire. The People’s Bank of China, the country’s central bank, summoned Ant Group for regulatory talks on December 26th, announcing a sweeping plan for the fintech firm to “rectify” its regulatory violations. The meeting came less than two months after…
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China’s e-commerce titan Alibaba hit with antitrust probe
China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. The State Administration for Market Regulation said Thursday in a brief statement that it is investigating Alibaba over its “choosing…
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