Beijing to break up Ant’s Alipay and force creation of separate loans app
Chinese regulators have already ordered Ant to separate from its main business the company’s two lending units — Huabei, which is similar...
News by FinTech Collective
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Jack Ma’s Ant Group bows to Beijing with company overhaul
In a statement, the People’s Bank of China said Ant representatives were summoned to a meeting Monday with four regulatory agencies that...
Ant Group CEO Simon Hu has resigned from the Chinese fintech giant
Ant Group CEO Simon Hu has resigned for personal reasons. Chairman Eric Jing will become CEO effective immediately, a source with...
How Ant Group turned into the Alibaba of Chinese finance
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...
Ant Group, the Alibaba payment affiliate, files to go public
Once people were using Alipay to stash their cash and pay for online purchases, Ant could begin offering them other kinds of services...
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