Tag "Ant Group"

Cyberport Partners AWS, Ant Group, Polygon Labs for Web 3.0 Programmes

Cyberport, a digital technology hub in Hong Kong, announced that it will cooperate with the members of the Cyberport Technology Network (CTN), Amazon Web Services (AWS), Polygon Labs, and Ant Group to launch two Web 3.0 transformation and support programmes

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HSBC and Ant Group Successfully Tests Tokenised Deposits in HKMA’s Sandbox

HSBC and fintech giant Ant Group have successfully tested the use of tokenised deposits in intra-group payment transactions, in a first-of-its-kind initiative in Hong Kong. The test, conducted under the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox arrangement, encompassed the

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Ant Group CEO Eric Jing Says Digital Yuan Could Bring ‘Huge Synergy Effects’

Fintech giant Ant Group‘s Chairman and CEO has Eric Jing has come forward to express his support for e-CNY, China’s central bank digital currency (CBDC). The People’s Bank of China (PBoC) had begun the pilot trials of e-CNY in 2019

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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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Macau Pass Officially Approved to Provide Acquiring Services to Alipay+

The Macau Pass has been officially approved to provide acquiring services to Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group. This means that in addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets

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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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AlipayHK Launches BNPL Payment Option With Ant Bank PayLater

Ant Bank and AlipayHK have announced the launch of Ant Bank PayLater on AlipayHK’s e-wallet ahead of the Double 11 and Christmas shopping sprees. The buy now pay later (BNPL) service, which is currently in its trial period, allows approved

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Ant Insurance Launches China’s First Digital Operation Platform for Insurance Companies

Ant Group‘s online insurance agency platform Ant Insurance has launched digital operation platform Xingyun (translated as nebula) for insurance companies in China. According to Ant Insurance, the Xingyun platform is the first of its kind in the country. Powered by

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