Ant’s consumer finance unit allowed to expand… The local branch of the CBIRC in Chongqing said it has approved the capital expansion plan of Chongqing Ant…
Ant pivots further towards hard tech with new… The Ant Group Digital Technologies unit unveiled Letus, a way of lowering the storage costs of blockchain networks,…
Ant Group’s Alipay+ payment service expands in… The partnership will allow the theme park to accept payments via e-wallets from China, Singapore, South Korea, the…
China’s digital yuan uptake slows amid Covid-19… Total e-CNY transactions from December 2019 to the end of August this year reached 100 billion yuan. Stay…
Ant Group doubles down on environmental focus… The Hangzhou-based firm has been doubling down on sustainability projects and accelerating its transformation from…
Global markets can learn from China’s success in… Around 96 per cent of consumers in China use their smartphones to shop online, according to a new survey by PayPal.…
Fintech giant Ant’s profit contribution to… Ant contributed less to Alibaba’s net profit in the June quarter than a year earlier, as regulatory pressure and…
Alibaba, Ant loosen once-close ties under… The close bond between Chinese e-commerce giant Alibaba and its fintech affiliate Ant Group is unravelling at an…
Ant Group restructuring continues with top… In a top management change at Ant Group’s major entity, chairman Eric Jing Xiandong will relinquish his role as…
Alibaba put on watch list of Chinese firms that… The e-commerce giant joins more than 150 Chinese companies that are now on the US Securities and Exchange…