Ant China

Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3 percent stake worth $628 million (roughly Rs. 5,195 crore) in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder.

Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of in

Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...

China's Ant Group and Japan's SoftBank Group Corp have discussed selling stake in One 97 Communications, which operates Indian digital payments firm Paytm, through a block deal, the Economic Times newspaper reported today.

China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.

China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.

A company in China is being praised online for the way it conducted its recruitment process. The firm asked job aspirants to appear for the interview wearing full face masks in order to avoid choosing candidates based on their appearance.

WeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned by Jack Ma-founded Ant Group. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company.

China's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.

Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday.

Beijing will step up efforts to pick off Taiwan's last remaining allies after Xi Jinping secured a third term in power, as Chinese officials up the ante to show loyalty to the president, Taipei's foreign minister said Wednesday.

Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...

Zomato, the Indian food delivery company backed by China's Ant Group, is considering reorganising its management so that each of its individual businesses would have its own CEO, while the parent company would be renamed "Eternal", an internal company memo seen by Reuters said.

China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said.

Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3 percent stake worth $628 million (roughly Rs. 5,195 crore) in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder.

Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of in

Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...

China's Ant Group and Japan's SoftBank Group Corp have discussed selling stake in One 97 Communications, which operates Indian digital payments firm Paytm, through a block deal, the Economic Times newspaper reported today.

China has instructed them not to offer access to ChatGPT services on their platforms, either directly or via third parties, people with direct knowledge of the matter told Nikkei Asia. Beijing's clampdown on ChatGPT, the hugely popular AI-powered chatbot, comes as little surprise to many in China's tech industry.

China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its own target.

A company in China is being praised online for the way it conducted its recruitment process. The firm asked job aspirants to appear for the interview wearing full face masks in order to avoid choosing candidates based on their appearance.

WeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned by Jack Ma-founded Ant Group. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company.

China's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.

Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday.

Beijing will step up efforts to pick off Taiwan's last remaining allies after Xi Jinping secured a third term in power, as Chinese officials up the ante to show loyalty to the president, Taipei's foreign minister said Wednesday.

Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...

Zomato, the Indian food delivery company backed by China's Ant Group, is considering reorganising its management so that each of its individual businesses would have its own CEO, while the parent company would be renamed "Eternal", an internal company memo seen by Reuters said.

China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said.