◦ Ant Financial
Consumer finance firm of Ant Group approved for business - China Finance News
Finance

Consumer finance firm of Ant Group approved for business

China on Thursday approved the opening of a consumer finance company of Ant Group a major financial services technology provider in the country.
Power bank, bike rental companies move to expand for future profits - China In Focus News
In Focus

Power bank, bike rental companies move to expand for future profits

Backed by Ant Group the bike rental service has narrowed its losses over the past three years to 1.1 billion yuan US 173.7 million in 2020 from 1.5 billion yuan in 2019.
China's financial authorities conduct talks with Ant Group again - China Finance News
Finance

China's financial authorities conduct talks with Ant Group again

Ant Group as a whole will apply to become a financial holding company, and all its institutions engaged in financial businesses will be included in the company.
Popular online mutual aid services shutting down - China Finance News
Finance

Popular online mutual aid services shutting down

Ant Group once said it hopes to sign up 300 million users within two years which would represent more than 20 percent of China s population.
China proposes set of rules for global digital currencies  - China Economy News
Economy

China proposes set of rules for global digital currencies

Retail payment giants such as Ant Group s Alipay and Tencent s WeChat Pay have become key financial infrastructure for the country Mu said adding that any future digital yuan would...
Tencent boss vows 'compliance' with China regulators - China Tech News
Tech

Tencent boss vows 'compliance' with China regulators

Authorities last year halted a record US 34 billion initial public offering by fintech provider Ant Group owned by Tencent s nearest rival Alibaba.
'Just spend' becomes bad advice for college students living beyond their means - China In Focus News
In Focus

'Just spend' becomes bad advice for college students living beyond their means

One post in Weibo about Huabei and Jiebei two consumer credit services offered on Ant Group s Alipay platform attracted 980 million clicks and spawned 40 000 discussions.
China summons tech giants over Internet security - China Tech News
Tech

China summons tech giants over Internet security

Authorities last year halted a record US 34 billion initial public offering by Alibaba fintech subsidiary Ant Group then opened an investigation into Alibaba business practices deemed...
Financial risks in banking, insurance fields addressed - China Finance News
Finance

Financial risks in banking, insurance fields addressed

Growth of Internet banks such as MYbank under Ant Group WeBank affiliated to Tencent and XWBank in Sichuan are encouraged but a unified supervision will be implemented on the new...
Watchdog says rules apply to fintech too - China Finance News
Finance

Watchdog says rules apply to fintech too

The development of Internet banks such as MYbank under Ant Group WeBank affiliated to Tencent and XWBank in Sichuan are encouraged but unified supervision will be implemented on...
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