9/13/2021 12:06:14 PM Beijing to break up Ant’s Alipay and force creation of separate loans app By Sarah Wolter Chinese regulators have already ordered Ant to separate from its main business the company’s two lending units — Huabei, which is similar...
4/12/2021 2:09:45 PM Jack Ma’s Ant Group bows to Beijing with company overhaul By Sarah Wolter In a statement, the People’s Bank of China said Ant representatives were summoned to a meeting Monday with four regulatory agencies that...
3/12/2021 3:11:24 PM Ant Group CEO Simon Hu has resigned from the Chinese fintech giant By Carlos Alonso Torras Ant Group CEO Simon Hu has resigned for personal reasons. Chairman Eric Jing will become CEO effective immediately, a source with...
8/28/2020 12:28:54 AM How Ant Group turned into the Alibaba of Chinese finance By Sarah Wolter Ant's evolution into the Alibaba of finance has been fueled by a desire to claw back customers who began using WeChat more as it...
8/28/2020 12:19:56 AM Ant Group, the Alibaba payment affiliate, files to go public By Sarah Wolter Once people were using Alipay to stash their cash and pay for online purchases, Ant could begin offering them other kinds of services...