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 […]
Ma, Jack
Trending topics and news from the Ma, Jack category
Back to news homeAlibaba 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 […]
China Turns to Elon Musk as Technology Dreams Sour
China is having its techlash moment.The country’s internet giants, once celebrated as engines of economic vitality, are now scorned for exploiting user data, abusing workers and squelching innovation. Jack Ma, […]
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 […]
China Orders Ant Group to Revamp Its Business
Chinese regulators on Sunday ordered the financial-technology giant Ant Group to fix what they described as a litany of business failings, escalating a pressure campaign that has been building since […]
Why China Turned Against Alibaba’s Jack Ma
Mr. Xi made no secret about what his ideal capitalist should be like. Ten days after the Ant I.P.O. debacle, he toured a museum exhibition devoted to Zhang Jian, an […]
Why China Halted Ant’s I.P.O., Dealing Jack Ma a Blow
This was supposed to be the week that one of China’s biggest tech companies threw the most lucrative coming-out party in history, sending a swaggering message about the country’s economic […]
Ant Group’s I.P.O. Is Halted by Shanghai Stock Exchange
Ant Group challenged China’s state-dominated banking system by bringing easy-to-use payments, borrowing and investing to hundreds of millions of smartphones across the country. On Tuesday, Chinese officialdom reminded the company […]
Ant Challenged Beijing and Prospered. Now It Toes the Line.
As Jack Ma of Alibaba helped turn China into the world’s biggest e-commerce market over the past two decades, he was also vowing to pull off a more audacious transformation. […]
All About Ant Group, the Next Big Tech I.P.O.
One of China’s most influential tech companies, the internet finance titan Ant Group, is poised to raise a boatload of cash by selling shares. The sale puts another stamp on […]