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In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
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China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.
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Jack Ma's Firm Asked To Pay Nearly $1 Billion Fine In China
Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of in
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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China Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.
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Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
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Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
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Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
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Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
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Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
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Ant Group’s Consumer Finance Unit to Boost Its Capital to $4.7 Billion, Introduce New Investors
China's Ant Group will see its capital increased to CNY 30 billion (roughly Rs. 35,377 crores) from CNY 8 billion (roughly Rs. 9,434 crore) with its consumer finance unit introducing 4 new strategic investors, an exchange filing released on Friday said.
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Jack Ma's Meet With Trump Was Turning Point For His Ties With Beijing
This was supposed to be Jack Ma's finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China's biggest star.
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Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
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Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
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In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
-
China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.
-
Jack Ma's Firm Asked To Pay Nearly $1 Billion Fine In China
Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of in
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
China Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.
-
Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
-
Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
-
Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
-
Ant Group’s Consumer Finance Unit to Boost Its Capital to $4.7 Billion, Introduce New Investors
China's Ant Group will see its capital increased to CNY 30 billion (roughly Rs. 35,377 crores) from CNY 8 billion (roughly Rs. 9,434 crore) with its consumer finance unit introducing 4 new strategic investors, an exchange filing released on Friday said.
-
Jack Ma's Meet With Trump Was Turning Point For His Ties With Beijing
This was supposed to be Jack Ma's finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China's biggest star.
-
Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
-
Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
