China’s leader, Xi Jinping, used his annual New Year’s Eve address in 2021 to laud the patriotic achievements of the Chinese people. In a year marked by crackdowns on tech […]
Ant Financial Services Group
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Back to news homeJack Ma, Ant Group Founder, Will Relinquish Control
One of China’s most influential financial tech companies, Ant Group, said on Saturday that the billionaire entrepreneur, Jack Ma, planned to relinquish control of the company.Mr. Ma’s retreat from the […]
Investing in China: What You Need to Know
If you want Chinese shares, you can bypass New York.On the face of it, shares of Chinese internet giants traded in American markets through A.D.R.s might seem to be safer […]
China Called Finance Apps the Best Thing Since the Compass. No Longer.
When the coronavirus jammed up China’s economy last year, Rao Yong needed cash to tide over his online handicrafts business. But he dreaded the idea of spending long, dull hours […]
Jack Ma Shows Why China’s Tycoons Keep Quiet
Jack Ma, the most famous businessman China has ever produced, is avoiding the spotlight. Friends say he is painting and practicing tai chi. Sometimes, he shares drawings with Masayoshi Son, […]
A Global Tipping Point for Reining In Tech Has Arrived
On Dec. 9, the Federal Trade Commission and nearly every state filed bipartisan lawsuits accusing Facebook of acting anticompetitively. Less than a week later, European policymakers introduced a competition law […]
Ant Group Announces Overhaul as China Tightens Its Grip
China’s fast-moving campaign to curb the power of internet giants has hit its latest mark: Ant Group, the fintech sister company of the e-commerce behemoth Alibaba.Ant announced on Monday that […]
Alibaba Faces $2.8 Billion Fine From Chinese Regulators
China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign […]
Here Are the 8 Chinese Apps Trump Banned
WASHINGTON — President Trump on Tuesday signed an executive order prohibiting transactions with eight Chinese software applications, including Alipay, the payment platform owned by Ant Group, and WeChat Pay, which […]
Companies That Donated to Senators Planning Election Results Challenge Face Questions
What election objectors could cost their corporate donorsAny remaining notions that the presidential transition would go smoothly were shattered this weekend when 11 Republican senators announced that they would not […]