Tag: Ant Group

Here you will find all the articles with the tag: Ant Group.

Alibaba founder Jack Ma will cede control of Ant Group

Alibaba founder Jack Ma will cede control of Ant Group

The move aims to keep Ma from being targeted by the government in Beijing. In a filing this week, Alibaba announced that Ma “intends to reduce and thereafter limit his direct and indirect economic interest in Ant Group over time” to a percentage that does not exceed 8.8 percent. Ma currently... Read more

date2 months ago
China forces large overhaul in company behind Alipay

China forces large overhaul in company behind Alipay

The Central Bank of China has ordered the Ant Group to make substantial changes to its policy. The company, which manages the Alipay payment platform, is said to violate financial regulations. Regulatory authorities require Ant to change its business practices to stop breaking the rules, Reuters... Read more

date2 years ago