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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
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.
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Jack Ma's Firm Asked To Pay Nearly $1 Billion Fine In China
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
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
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...
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Ant Group, SoftBank Seek To Sell Paytm Stake Through Block Deal: Report
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.
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China Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
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.
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Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
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.
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Ant Group Says Focusing On Business Optimisation, No IPO Plans
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.
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Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
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Jack Ma To Give Up Control Of Ant Group After China's Crackdown
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.
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Alibaba Group's Quarterly Revenue Misses Expectations As Spending Slows
Chinese e-commerce giant Alibaba Group Holding Ltd posted a smaller-than-expected rise in quarterly revenue on today as COVID-19 curbs and a worsening economic outlook stifled consumer spending.
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
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...
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Wait, What? People Ate Cashews Covered With Ants Without Realising; Internet Reacts
A group of friends accidentally had cashews filled with ants. Their reaction is hilarious.
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Zomato Plans New Management Structure With Multiple CEOs
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.
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Zomato To Hike Stake In Blinkit
Zomato Ltd said on Friday it will buy additional stake in local grocery-delivery startup Blinkit for $568.16 million
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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
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.
-
Jack Ma's Firm Asked To Pay Nearly $1 Billion Fine In China
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
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
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...
-
Ant Group, SoftBank Seek To Sell Paytm Stake Through Block Deal: Report
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 Directs Tech Companies Not to Offer Access to ChatGPT on Their Platforms: Report
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.
-
Alibaba Group Sells Remaining Stake in Paytm Worth Rs. 1,378 Crore
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.
-
Ant Group Says Focusing On Business Optimisation, No IPO Plans
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.
-
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
-
Jack Ma To Give Up Control Of Ant Group After China's Crackdown
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.
-
Alibaba Group's Quarterly Revenue Misses Expectations As Spending Slows
Chinese e-commerce giant Alibaba Group Holding Ltd posted a smaller-than-expected rise in quarterly revenue on today as COVID-19 curbs and a worsening economic outlook stifled consumer spending.
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
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...
-
Wait, What? People Ate Cashews Covered With Ants Without Realising; Internet Reacts
A group of friends accidentally had cashews filled with ants. Their reaction is hilarious.
-
Zomato Plans New Management Structure With Multiple CEOs
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.
-
Zomato To Hike Stake In Blinkit
Zomato Ltd said on Friday it will buy additional stake in local grocery-delivery startup Blinkit for $568.16 million
