Search Results for "Ant Group"
StanChart, Ant Group Deepen Partnership to Drive Green and Inclusive Finance
Standard Chartered and Ant Group will be deepening their partnership to drive green and inclusive finance, global fund management and sustainable development. Under the expanded cooperation framework, Standard Chartered will support Ant Group to build its global liquidity and foreign
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Ant Group Names Peng Yang as New President of International Business Group
Chinese fintech giant Ant Group has appointed its Peng Yang as the President of the company’s International Business Group (IBG). He succeeds Angel Zhao who is stepping down for personal reasons. Since the beginning of 2023, Ant’s IBG has seen
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China Imposes Nearly US$1.5 Billion in Fines on Tencent, Ant Group
China has imposed hefty fines on tech giants Tencent and Alibaba’s fintech arm Ant Group for multiple violations, signaling a close to the regulatory crackdown on the sector. Ant Group and its subsidiaries were slapped with a 7.123 billion yuan
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Ant Group Considers Selling Its Stake in Digital Bank Subsidiary
Chinese fintech giant Ant Group is mulling the sale of its stake in its Hong Kong-based virtual bank, according to Bloomberg, citing people familiar with the matter. The report added that the plans are still in preliminary stages as Ant
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Jack Ma Steps Down From Ant Group: The Inside Story
Jack Ma, the billionaire founder of Alibaba Group, is giving up control of the fintech unit Ant Group after China cracked down on the tech giant. Ma, one of China’s wealthiest men, has agreed to give up his voting rights
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BBVA Signs Deal To Join Ant Group’s Blockchain-Based Trading Platform Trusple
BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered by Alibaba’s affiliate Ant Group, for greater transparency and security. Trusple aims to accelerate the digital transformation and facilitate the
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Ant Group’s Digital Bank Doubles Down on Financial Inclusion in Rural China
MYbank, an online private commercial bank in China and an associate of Ant Group with a focus on serving rural areas and small and micro enterprises (SMEs), announced that it plans to more than double the number of rural counties
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Alibaba’s Ant Group Focuses Efforts To Be Carbon Neutral by 2030
Ant Group announced it will become carbon neutral by 2030, and pledged its support to bring down emissions through technological innovations, joining the urgent global efforts to curb climate change and its devastating effects. The company will also set up
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Ant Group Ordered to Revamp Its Business As Beijing Pursues Crackdown on Tech Giants
On December 26, 2020, four Chinese financial regulators, including the central bank, summoned Ant Group for regulatory talks, ordering the fintech giant to “rectify” its regulatory violations and “return to its payment origins.” Pan Gongsheng, a deputy governor at the
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Ant Group Unveils Blockchain-Enabled Trading Platform for SMEs
Ant Group has unveiled Trusple, a blockchain based-platform powered by AntChain to help SMEs with cross-border trade. Trusple aims to make it easier and less costly for all participants, especially Small to Medium Enterprises (SMEs), to sell their products and
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