People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
Bloomberg :
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
Bloomberg :
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
The bank now lists Ant's Alipay as a firm without an actual controller. — Ma, co-founder of Alibaba Group Holding Ltd. …
Sources: Ant Group's transformation into a fully regulated company has been on hold for over a year as China reshuffles its regulatory system
Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company
Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer
The wall separating China's two leading mobile payment systems may have started to crack after Ant Group's Alipay rolled out a trial service …
Ant Group's Huabei consumer lending service says user data will be made available to China's central bank credit reporting system
Jing Yang / Wall Street Journal :
Sources: Beijing wants to break up Ant Group's Alipay, which has over 1B users, and create a separate app for the company's highly profitable loans business
Chinese fintech will turn over user data to new joint venture partly owned by state — Beijing wants to break up Alipay …
Didi's main app has been removed from Tencent's WeChat messaging service and Ant Group's Alipay
Arjun Kharpal / CNBC :
Trump signs an executive order banning transactions with Ant Group's Alipay, Tencent's WeChat Pay and QQ, and five other Chinese payment apps
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group's Alipay.
Sources: Chinese President Xi Jinping, furious about Jack Ma's criticisms of regulators, personally made the decision to stop Ant Group's IPO
Wall Street Journal :