Ant Group

In China, Investors Drain Mutual Funds Slated For Failed Ant IPO
In China, Investors Drain Mutual Funds Slated For Failed Ant IPO
January 19, 2021  |  IPO

The fallout from Ant Group’s failed initial public offering (IPO) continues, as millions of investors have piled out of five mutual funds that had pitched...

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Today In Payments: Biden Taps FTC’s Chopra To Head CFPB; Marc Lore Retiring From Walmart
Today In Payments: Biden Taps FTC’s Chopra To Head CFPB; Marc Lore Retiring From Walmart
January 18, 2021  |  News

In today’s top news, Biden is bringing in the FTC’s Rohit Chopra to lead the CFPB, and Jet.com Founder Marc Lore is retiring from Walmart....

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Today In Payments Around The World: Mobile Money, bKash Collaborate With Ripple; Ant Group Revamping Operations
Today In Payments Around The World: Mobile Money, bKash Collaborate With Ripple; Ant Group Revamping...
January 18, 2021  |  News

In today’s top payments news around the world, Mobile Money and bKash have teamed with Ripple, while Ant Group is said to be quickly working...

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Ant Group Overhauling Operations To Satisfy Chinese Regulators 
Ant Group Overhauling Operations To Satisfy Chinese Regulators 
January 15, 2021  |  Legal & Regulation

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations,...

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China Tightens Scrutiny Of Consumer Lending By Tech Giants
China Tightens Scrutiny Of Consumer Lending By Tech Giants
January 11, 2021  |  Bank Regulation

Ant Group, Tencent and JD.com are facing a crackdown by Beijing over concerns of over-lending to consumers through their platforms, a major cash cow for...

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Today In Payments Around The World: Ant Eyes Credit Unit Overhaul; FCA Releases Pandemic Resiliency Survey Data
Today In Payments Around The World: Ant Eyes Credit Unit Overhaul; FCA Releases Pandemic Resiliency...
January 07, 2021  |  Cross-border Payments

In today’s top payments news around the world, China’s Ant Group is mulling the creation of a new consumer loan unit, while the British financial...

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China’s Ant Group Mulling Creation Of New Consumer Loan Unit
China’s Ant Group Mulling Creation Of New Consumer Loan Unit
January 07, 2021  |  Cross-border Payments

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while...

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Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
January 06, 2021  |  Cross-border Payments

Call it the latest salvo amid tensions between China and the United States that may heat up. With the consumer in focus. To that end,...

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Chinese Government Asks Ant Group To Share Consumer Data
Chinese Government Asks Ant Group To Share Consumer Data
January 06, 2021  |  Cross-border Payments

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group, which he’s largely resisted doing for years, The Wall Street...

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