The initial public offering (IPO) of Alibaba Group Holding Limited's affiliate Ant Group "will be on track to resume" once the company resolves its "issues," People's Bank of China (PBoC) Governor Yi Gang (pictured) stated on Tuesday.
The problems surrounding Ant Group are "complicated," he noted at...
Deputy Governor of People's Bank of China, Chen Yulu (pictured), announced on Friday that Alibaba’s Ant Group has set up a working group in order to improve its business operation.
According to Chen, the company will "maintain business continuity and normal business operation, thus ensuring the...
Beijing is reportedly trying to minimize Jack Ma’s (pictured) technology and financial empire and intends to overtake a bigger stake in his businesses, Chinese officials and government advisers familiar with the matter told The Wall Street Journal on Tuesday.
Sources claim that China’s financial...
China's State Administration for Market Regulation (SAMR) announced it had launched a new investigation into Alibaba Group Holding Limited and its affiliate Ant Group over their alleged monopolistic policies.
The SAMR is expected to summon the companies' representatives for hearings in the...
Shopify Inc. announced on Tuesday it struck a payment partnership agreement with Alipay.
United States-based sellers at the e-commerce company's platform will now be able to directly receive payments "seamlessly" from Alipay's "one billion annual active users in China alone," and "hundreds of...
Chinese fintech company Ant Group said on Friday it began with a refund of $2.8 trillion in IPO funds to Shanghai investors after a dispute between the company's founder Jack Ma and Chinese authorities.
Around 1.55 million investors in Hong Kong will be refunded $167.7 billion through IPO funds...
Ant Group's listing process is likely to be delayed by at least six months, the Financial Times reported on Thursday, just days after it was unexpectedly halted by China's regulators.
"The key thing is these new regulation changes," sources familiar with the matter claimed, explaining that the company...
The decision to suspend the initial public offering of the fintech company Ant Group was made in order to "better safeguard capital market stability and protect investors' interests," a spokesperson for the Chinese Foreign Ministry unveiled on Wednesday.
According to a report published by the Nikkei,...
Stocks of Chinese multinational technology company Alibaba Group fell on Tuesday by more than 6% after its daughter company Ant Group’s record-setting initial public offering in Shanghai and Hong Kong was suspended.
The Shanghai Stock Exchange suspended Ant’s IPO just a day after...
Ant Group Co. Ltd. revealed on Tuesday that the company's listing process at the Stock Exchange of Hong Kong Limited has been also suspended by the region's regulators.
The official statement noted that Ant Group "was notified by the relevant regulators in the PRC today that its proposed A Share...
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