Ant Group

Tencent’s WeChat Pay Envisions Future Where Payment Options are the Norm
Tencent’s WeChat Pay Envisions Future Where Payment Options are the Norm
December 02, 2021  |  Mobile Payments

China’s crackdown on technology companies that offer payment services had the unintended side effect of opening the lines of communication between competitors like Alibaba and...

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Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
November 24, 2021  |  Cross-border Payments

Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to...

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Ant to Turn Over Consumer Credit Info to Chinese Government
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021  |  Cross-border Payments

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting...

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B2B Payments Today: China’s Edict Could Cause SMB Headwinds; Visma Eyes 2023 IPO
B2B Payments Today: China’s Edict Could Cause SMB Headwinds; Visma Eyes 2023 IPO
September 13, 2021  |  B2B Payments

Today in B2B payments, MonetaGo is fighting financing fraud and Visma could go public in 2023. Plus, the Chinese government forces Ant to reconfigure its...

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Wide-Ranging Chinese Corporate Crackdown May Grow Ever Wider
Wide-Ranging Chinese Corporate Crackdown May Grow Ever Wider
August 26, 2021  |  Legal & Regulation

The Chinese government’s regulator crackdown has extended well beyond the confines of Big Tech. The question remains … as to what end. And perhaps: where it...

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China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay
China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay
July 26, 2021  |  Payment Methods

The People’s Bank of China wants Ant Group and Tencent Holdings Ltd., which operate payment networks Alipay and WeChat Pay, respectively, to help it develop...

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China Holds Up Ant Group As Warning To Other Payment Firms
China Holds Up Ant Group As Warning To Other Payment Firms
July 08, 2021  |  ANTITRUST

The People’s Bank of China is warning big technology companies in the country that they will be subject to the same antitrust scrutiny and measures...

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China Forces Removal Of Didi From WeChat And Alipay Apps
China Forces Removal Of Didi From WeChat And Alipay Apps
July 07, 2021  |  Ridesharing

Chinese regulators forced Tencent’s WeChat messaging service and Ant Group’s Alipay to remove Didi from its app interface and rendered Didi no longer searchable in...

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Ant Group Could Share Data With China Via Credit-Scoring Partnership
Ant Group Could Share Data With China Via Credit-Scoring Partnership
June 23, 2021  |  Cross-border Payments

Jack Ma’s Ant Group is in the midst of discussions with enterprises owned by China that would create a credit-scoring firm while making Ant’s data...

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