Tag: Alipay
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China’s FinTech Ant Reportedly Faces A Billion-Dollar Fine!
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The fine could end the regulatory process that has been ongoing for two years. After that, the planned IPO could also be resumed. Ant Group, the fintech arm of e-commerce giant Alibaba, is expected to pay more than a billion dollars in fines to the Chinese state. This was reported…
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Alibaba Founder Jack Ma Plans To Withdraw From Ant Group
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Chinese regulators have once again targeted Alibaba Group Holding, a major shareholder in Ant Group, after several fines were already imposed on the Internet group. The powerful Alibaba Group Holding Ltd and Jack Ma’s financial technology giant Ant Group have been under scrutiny from Chinese authorities for years. Ant told…