With its declared goals of becoming one of the world’s top three blockchain ecosystems within just three years, and the world’s most widely used financial ecosystem two years after that, the creators ...
Tag: Ant
Fidelity Slashes Ant Group Valuation, Posing A Bummer For Alibaba
Fidelity Investments again slashed Alibaba Group Holding Limited’s (NYSE: BABA) fintech affiliate Ant Group Co’s valuation more than two years after China blocked the fintech giant’s...
Ant Group’s Alipay+ leads Chinese fintech giant’s overseas expansion as consumer spending in home market remains sluggish
When Singapore Deputy Prime Minister Lawrence Wong visited the city state’s fintech festival in November, he assuredly got with the programme and bought his coffee online from popular local chai...
Can China’s Billionaires Breathe A Sigh Of Relief In 2023?
Jack Ma, cofounder of Chinese e-commerce behemoth Alibaba and fintech giant Ant Group. PHILIPPE LOPEZ/AFP via Getty Images) For China’s richest billionaires, last year was the worst in decades. Covid-...
Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group – Fintech Bitcoin News
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests...
Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally
Key News Asian equities had a strong day as Japan was on holiday for Respect for the Aged Day. Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though h...
Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’
A $37 billion IPO by Ant Group in Hong Kong in 2020 was halted by Chinese authorities. The Chinese tycoon’s share of the company’s voting power will drop to around 6.2%. Jack Ma, co-founder, and CEO o...
Jack Ma cedes control of Chinese fintech giant Ant Group
Chinese billionaire Jack Ma is ceding control of Alipay owner Ant Group. , the Alibaba-affiliated company announced it would end agreements that had allowed Ma to hold a dominant position within Ant G...
Billionaire Jack Ma Is Giving Up Control of Ant Group
(Bloomberg) — Jack Ma is giving up controlling rights of Ant Group Co., as the billionaire further retreats from his online empire following China’s unprecedented tech crackdown. Most Read from ...
Chinese Tech Stocks Surge with Approval of Ant Group Capital Plan
Investors celebrated over the hope of a positive regulatory environment for private tech companies in China going ahead. On Wednesday, January 4, stocks of the US-listed Chinese tech companies soared ...
Chinese Stocks Gain $70 Billion As Ant Group’s New $1.5 Billion Plan Fuels Investor Optimism
Topline Chinese stocks listed on U.S. exchanges soared Wednesday, far outpacing the broader market, as investors latched onto a rare easing of business regulations from Beijing. It was a banner day fo...
Alibaba Leads Rally in US-Listed China Stocks on Ant Capital Nod
(Bloomberg) — Alibaba Group Holding Ltd. led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co.’s approved fundraising plan boosting optimism that China’s regulatory...
Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan
Jack Ma, co-founder of e-commerce giant Alibaba and fintech giant Ant Group. (Photo by Chesnot/Getty Images) Getty Images Chinese billionaire Jack Ma’s Ant Group won regulatory approval to boost the r...
Bears Control The Mask Network (MASK) And Aragon (ANT), Flasko (FLSK) Sees A Bull Run
The recent collapse of the FTX and BlockFi crypto exchanges sent tremors through the whole market. Every token’s price fell as a result of the overall coin sell-off. The formerly top coins Aragon (ANT...
Ant Group Fine Is Fine, PCAOB Increases Budget
China Last Night KraneShares Key News Asian equities were mixed but mostly higher overnight as Hong Kong underperformed. US Defense Secretary Lloyd Austin met with his Chinese counterpart Wei Fenghe i...
PEOPLE, DYDX, CHSB, ANT, BNX Hang on, Crypto Market is Bearish
BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Nov. 4 to Nov. 11. These digital assets have taken the crypto news and crypto market spotlight: ...
Jack Ma-founded Ant Group focuses on blockchain products as firm’s financial services struggle
Ant Group, founded by Chinese billionaire Jack Ma, is changing its business alignment by venturing into the blockchain space amid ongoing regulatory pressure that has impacted its financial services. ...
Aptos Ant Club: Everything You Need To Know About Aptos Ant Club NFT
Aptos blockchain is a layer 1 network that is developed to be fully customizable, highly reliable, and effective by handling and evaluating all transactions in parallel. This is actually achieved by i...
Ant Group Partnered with Malaysian Investment Bank, Kenanga
Ant Group joins Kenanga to launch a wealth management app. The app will allow the trading of cryptocurrencies. The financial service company of China, Ant Group, partnered with Malaysia’s investment b...
Malaysian Bank Collaborates With Ant Group To Develop Crypto-Friendly ‘Super App’
The adoption of crypto is happening rapidly in Malaysia. Recently, a prominent local bank has integrated crypto trading into its default banking offerings. Kenanga Investment Bank Berhad is among the...
China’s Ant Group partners with Malaysian investment bank Kenanga to launch ‘SuperApp’
Malaysia’s largest independent investment bank Kenanga announced today that it is partnering with China’s technology powerhouse, Ant Group, to launch a wealth generation and management “SuperApp.” The...
Kenanga Investment Bank Collaborates with Ant Group to Launch Crypto-based Applications
Kenanga Investment Bank Berhad, a major investment bank in Malaysia, on Wednesday announced its plans to launch a crypto-friendly wallet and trading application. Reportedly, it is planning to launch t...
Malaysian bank works on crypto-friendly ‘super app’ with Ant Group tech
Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings. Kenanga Investment B...
Kenanga to Team Up with Ant Group to Launch Crypto-friendly Super App
The development of this SuperApp extends the portfolio of digital products that Kenanga has successfully rolled out. Kenanga Investment Bank Berhad has entered into a partnership agreement with China’...
Ant Group’s profit contribution to Alibaba falls for first time amid restructuring, regulatory pressure
Ant Group, operator of popular Chinese online payment service Alipay, contributed less to Alibaba Group Holding’s net profit in the June quarter than a year earlier, as regulatory pressure and e...
Jack Ma to Give Up Control of Ant Group amid Regulatory Pressure
According to the 2022 IPO Prospectus, Jack Ma commands 50.52% of Ant shares through related entities. Chinese business magnate Jack Ma is planning to give up control of Ant Group, which is closely ass...
Alibaba Slumps as Traders Assess Earnings Risk, Ant Report
(Bloomberg) — Alibaba Group Holding Ltd. fell for a third straight day as investors assessed the impact of Jack Ma reportedly ceding control of his fintech arm, and as worries over its earnings ...
Chinese Billionaire Jack Ma To Cede Control Of Fintech Giant Ant Group: WSJ
Jack Ma takes part in the “Valuing What Matters” Plenary Session during the third day of the Clinton Global Initiative’s 10th Annual Meeting at the Sheraton New York Hotel & Towe...
Jack Ma to give up control of fintech giant Ant Group: WSJ
China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte...