Ant Group

Alibaba's Chinese fintech giant Ant Group has appointed Hong Kong Exchanges and Clearing chairman Laura Cha as an independent director, according to a recent website update. What Happened: Jack Ma-controlled Ant Group underwent a major restructuring in order to address Chinese government...

The financial technology giant Ant Group — an affiliate company of the Chinese Alibaba Group Holding Limited (NYSE: BABA) — is expanding in Singapore as it faces regulatory challenges in its home country. What Happened: The fintech giant has posted around 20 job openings for...

Chinese authorities have placed an individual with the last name Ma under “compulsory curbs” in the city of Hangzhou, Bloomberg News reported on Tuesday, citing state broadcaster CCTV. What Happened: Hangzhou is the home base of Jack Ma-founded Alibaba...

China’s corruption watchdog Central Commission for Discipline Inspection was among the top state agencies involved in a recent inquiry into links between Billionaire Jack Ma’s Ant Group Co. and state-owned Chinese companies, according to a Bloomberg report...

Alibaba Group Holdings Ltd - ADR (NYSE: BABA) was trading more than 7% lower on Thursday, compared to the S&P 500 which was trading less than 1% lower. The heavily beaten-down stock has suffered due to China’s continued crackdown on its domestic technology sector and on...

Investors who have owned stocks in the past year have generally experienced some solid gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 22%. But there is no question some big-name stocks performed better than others along the way. Alibaba’s...

Alibaba Group Holding (NYSE: BABA)-backed Ant Group has secured approval to boost its registered capital to $5.4 billion, up 47%, Bloomberg News reported on Sunday, citing National Enterprise Credit Information Publicity System. What Happened: The boost in the capital base comes nearly a year after...

Alibaba Group Holding (NYSE: BABA) subsidiary Ant Group will share credit data of its consumer lending business Huabei with China’s central bank as part of a regulatory move by Beijing to tighten its hold on the financial technology sector, CNBC reported on Thursday, citing a...

Alibaba Group Holding Limited (NYSE: BABA)-backed Indian food delivery startup Zomato Ltd made a strong debut on the stock market Friday, with its shares opening nearly 53% higher. What Happened: Zomato’s shares opened at INR 116 ($1.57) per share on the National Stock Exchange of India...

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group has sought to clarify that non-fungible tokens (NFTs) are not cryptocurrencies, according to a report by Reuters. What Happened: Ant’s clarification came after 16,000 copies of NFTs representing two artworks were reportedly sold on...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group has secured a key China Banking and Insurance Regulatory Commission approval to operate a consumer finance company, CNBC reported on Thursday. What Happened: Ant will hold a 50% stake and contribute about $625.93 million to the new company,...

Chinese e-commerce giant Alibaba Group Holding Limited’s (NYSE: BABA) affiliate Ant Group is among the first privately-run businesses to be included in China’s digital currency trials, CNBC reported Sunday. What Happened: MYbank – an online bank backed by Ant Group – has...

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group is under fresh regulatory scrutiny as China is now probing how the ace entrepreneur Jack Ma won quick approvals for the stock’s initial public offering last year, The Wall Street Journal reported on Tuesday. What Happened: Ma’s...

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group’s valuation could potentially plummet to as low as $29 billion, according to Bloomberg Intelligence analyst Francis Chan. What Happened: The company’s valuation could drop to a range of $29 billion to $115 billion, from $320...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group plans to offer no-interest loans to employees who own illiquid stock options as it looks to boost employee morale after the suspension of its mega-IPO last year, Bloomberg reported on Monday. What Happened: Ant told employees last...