Ant Group

Report: Alibaba Founder Ma OK But ‘Lying Low’
Report: Alibaba Founder Ma OK But ‘Lying Low’
January 05, 2021  |  Cross-border Payments

After a short period of time in which Alibaba Founder Jack Ma’s whereabouts were unknown, CNBC has reported that Ma is not missing Ma, according...

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Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
January 05, 2021  |  Legal & Regulation

President Donald Trump has banned transactions with eight Chinese software applications, including Ant Group‘s Alipay, which will escalate tensions with Beijing as he prepares to...

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Jack Ma Out Of Spotlight As Chinese Regulators Pounce
Jack Ma Out Of Spotlight As Chinese Regulators Pounce
January 04, 2021  |  Cross-border Payments

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....

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Today In Payments: Mnuchin Says Stimulus Check Distribution Underway; Most Christmas Activations Were Older iPhones
Today In Payments: Mnuchin Says Stimulus Check Distribution Underway; Most Christmas Activations Were Older iPhones
December 30, 2020  |  News

In today’s top news, stimulus check distribution began Tuesday, and 9 out of 10 Christmas phone activations were iPhone models. Plus, a “K-shaped” recovery is...

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Ant Group’s Restructuring Could Slash Its Valuation And Slow Its Growth
Ant Group’s Restructuring Could Slash Its Valuation And Slow Its Growth
December 29, 2020  |  Cross-border Payments

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...

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Today In Payments Around The World: Mytheresa’s Parent Files For IPO; Ant Considers Moving Financial Services To Holding Company
Today In Payments Around The World: Mytheresa’s Parent Files For IPO; Ant Considers Moving Financial...
December 29, 2020  |  Cross-border Payments

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,...

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Ant Mulls Rerouting Financial Services To Separate Holding Company
Ant Mulls Rerouting Financial Services To Separate Holding Company
December 29, 2020  |  Cross-border Payments

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,...

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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 
Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 
December 28, 2020  |  Cross-border Payments

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...

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Today In Digital-First Banking: China’s Central Bank Tells Ant Group To Concentrate On Payments; China’s Digital Yuan Pilot Wraps Up
Today In Digital-First Banking: China’s Central Bank Tells Ant Group To Concentrate On Payments; China’s...
December 28, 2020  |  News

In today’s top news in digital-first banking, financial regulators in China are moving to check the influence of Jack Ma’s Ant Group, while the second...

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