Tagged: alibaba group holding

March 21, 2022 @ 11:30 pm By Omar Faridi  |  

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

December 1, 2020 @ 10:40 pm By Omar Faridi  |  

China is reportedly planning to introduce “special” and “innovative” regulatory guidelines for  Fintech giants like billionaire Jack Ma’s Ant Group Co., which is a subsidiary of the Alibaba Group Holding (NYSE:BABA). Regulators in China aim to create new policies so they can eliminate monopolistic practices… Read More

November 26, 2020 @ 4:27 pm By Omar Faridi  |  

Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory requirements. As reported recently, Daniel Zhang, Chairman of Alibaba Group Holding (NYSE:BABA), noted… Read More

November 5, 2015 @ 11:29 am By Erin Hobey  |  

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More