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In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
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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 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 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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Ola's Bhavish Aggarwal Doubles Down on EVs to Undercut Elon Musk's Tesla
Ola's Bhavish Aggarwal wants his company Ola Electric Mobility to displace Elon Musk’s Tesla and China’s BYD as the industry leader for electric vehicles by carving out a niche in lower cost designs in India. Aggarwal told Bloomberg he wants to build companies with lasting impact, even if that means rubbing some people the wrong way. He said In...
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Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
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China Bans Education Apps for Pre-School Children to Reduce Smartphone Addiction
Beijing's education authorities have banned new education applications for pre-school children, also removing the existing ones. Mobile apps that target pre-school children have been specifically banned to reduce the screen time of children and addiction to smartphones which are becoming a social problem in China.
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Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm
The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm
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Shein Said to Revive Plan for New York Listing in 2022, Founder Considering Ways to Bypass Offshore IPO Rules
Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said.
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Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
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Government Likely To Block Chinese Investment In Insurance Giant LIC's IPO: Report
The Centre wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations.
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China Said to Plan Banning Overseas IPOs for Tech Firms With Data Security Risks
China is framing rules to ban Internet companies whose data poses potential security risks from listing outside the country, including in the US, according to a person familiar with the matter.
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China's Critical Data Rules Not Aimed at Firms Planning Foreign IPOs: Regulator
China's coming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings, and all companies must be involved in ensuring network security, a senior cyberspace regulatory official said.
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Watershed For Unicorns In India As China Tech Crackdown Spooks Investors
Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world's second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.
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Paytm Likely To File IPO Papers Today: Report
Paytm, which counts China's Alibaba and Ant Group, Japan's SoftBank and Warren Buffett-owned Berkshire Hathaway among its backers, is reportedly looking to raise Rs 12,000 crore through the primary market offering
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In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
-
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 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 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.
-
Ola's Bhavish Aggarwal Doubles Down on EVs to Undercut Elon Musk's Tesla
Ola's Bhavish Aggarwal wants his company Ola Electric Mobility to displace Elon Musk’s Tesla and China’s BYD as the industry leader for electric vehicles by carving out a niche in lower cost designs in India. Aggarwal told Bloomberg he wants to build companies with lasting impact, even if that means rubbing some people the wrong way. He said In...
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Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
-
China Bans Education Apps for Pre-School Children to Reduce Smartphone Addiction
Beijing's education authorities have banned new education applications for pre-school children, also removing the existing ones. Mobile apps that target pre-school children have been specifically banned to reduce the screen time of children and addiction to smartphones which are becoming a social problem in China.
-
Government, SEBI To Decide On Relaxing LIC's Minimum Public Holding Norm
The Finance Ministry will discuss with market regulator SEBI to exempt LIC from the minimum public shareholding norm
-
Shein Said to Revive Plan for New York Listing in 2022, Founder Considering Ways to Bypass Offshore IPO Rules
Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said.
-
Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
-
Government Likely To Block Chinese Investment In Insurance Giant LIC's IPO: Report
The Centre wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations.
-
China Said to Plan Banning Overseas IPOs for Tech Firms With Data Security Risks
China is framing rules to ban Internet companies whose data poses potential security risks from listing outside the country, including in the US, according to a person familiar with the matter.
-
China's Critical Data Rules Not Aimed at Firms Planning Foreign IPOs: Regulator
China's coming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings, and all companies must be involved in ensuring network security, a senior cyberspace regulatory official said.
-
Watershed For Unicorns In India As China Tech Crackdown Spooks Investors
Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world's second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.
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Paytm Likely To File IPO Papers Today: Report
Paytm, which counts China's Alibaba and Ant Group, Japan's SoftBank and Warren Buffett-owned Berkshire Hathaway among its backers, is reportedly looking to raise Rs 12,000 crore through the primary market offering
