The eCommerce billionaire Jack Ma has been in the eye of the storm as China’s regulators have flexed their muscles and taken on FinTech companies. However, Alibaba Group Founder Ma has retreated from the public eye. Get the Full Story Complete the form to unlock...
It’s been more than four years since India instituted its most recent demonetization policies. We’re a long away from the fall of 2016, when the administration under Prime Minister Narendra Modi announced the economic policy where 500 and 1,000 rupee notes would be demonetized. Get...
The Central Bank of Jamaica (BOJ) is looking to regulate the burgeoning eCommerce retail industry in the country, a report from the Jamaica Gleaner says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Chinese giant Ant Group’s plan to put its online financial businesses into a holding company to satisfy regulators could slash the firm’s valuation, require billions of dollars in reserves and force Ant to retain big shares of loans it currently sells off. Get the Full...
In today’s top payments news around the world, Mytheresa parent company MYT Netherlands Parent B.V. said it has filed a registration statement to go public, while Jack Ma’s Ant Group is said to be considering moving all of its financial services units to a holding...
Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. 29), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...
In Los Angeles, a widespread glut of shipments has slowed down operations at the nation’s busiest container port complex, the Port of Los Angeles, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Alibaba led another day of high-octane selling that was driven by fears of further antitrust crackdowns, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Big Tech is falling out of favor not just in the West, but in China as well. Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul of the all-powerful political and regulatory regime in China. Get...
