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New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As Financial Holding Company

New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As Financial Holding Company
New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As...
September 13, 2020  |  Legal & Regulation

New Chinese finance rules will force the Jack Ma-backed Ant Group to comply with regulations to back up any payments, lending or other finances with...

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ByteDance To US: TikTok’s Code Isn’t For Sale
ByteDance To US: TikTok’s Code Isn’t For Sale
September 13, 2020  |  Partnerships

China-based ByteDance has said in boardroom discussions that it won’t be selling its essential algorithm for the video-sharing app TikTok in any manner, according to...

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Grab Fined For Privacy Breach For The Fourth Time
Grab Fined For Privacy Breach For The Fourth Time
September 13, 2020  |  Cybersecurity

GrabCar, a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg...

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Gojek, Grab Renew Merger Talks With SoftBank’s Support
Gojek, Grab Renew Merger Talks With SoftBank’s Support
September 13, 2020  |  Ridesharing

Six months after merger talks stalled between two of Southeast Asia’s ride-hailing companies, Gojek and Grab Holdings have resumed negotiations, the Financial Times (FT) reported....

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Lloyds, ConnectedFi Team For Faster Credit Decisions
Lloyds, ConnectedFi Team For Faster Credit Decisions
September 13, 2020  |  B2B Payments

Lloyds Bank has teamed with ConnectedFi in order to provide brokers with quicker asset finance credit decisions by using automation, according to Financial Reporter. Get...

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European Central Banks Demand Strict Cryptocurrency Regulations
European Central Banks Demand Strict Cryptocurrency Regulations
September 13, 2020  |  Cryptocurrency

Europe’s biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state...

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Real Estate Startup Opendoor In Talks To Go Public
Real Estate Startup Opendoor In Talks To Go Public
September 13, 2020  |  Partnerships

Opendoor, a San Francisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company,...

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Apple Provides Temporary Access To Epic Games’ Fortnite
Apple Provides Temporary Access To Epic Games’ Fortnite
September 13, 2020  |  Mobile

After a nearly two-week ban, fans of Fortnite, a video game in which players fight each other until the last one is standing, can log...

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