China did several things right during a turbulent year. However, underestimating the K-shaped rebound and muzzling billionaire critics weren't among them.
The operations that Ant is looking to fold into the holding company include wealth management services, consumer lending, insurance, payments and MYbank, an online lender.
In episode 649 of Cut the Clutter, Shekhar Gupta discussed the cancellation of Jack Ma's Ant Group IPO and the deification of Chinese president Xi Jinping.
Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba and its compatriots now face increasing pressure from regulators.
Alibaba Group Holding Ltd. led a second day of frenetic selling among China’s largest tech firms, driven by fears that antitrust scrutiny will spread...
Less than two months after the dramatic cancellation of its blockbuster IPO, Ant executives are left in charge of a company whose own narrative is now unclear.
The central bank summoned Ant executives over the weekend and told them to 'rectify' the company’s lending, insurance and wealth management services, the People’s Bank of China said.
The stock fell 13% in its biggest one-day drop on record. The decline took Alibaba to its lowest level since July, and the stock is now down 30% from an October peak.
The campaign against Alibaba and its peers got into high gear in November, after Jack Ma famously attacked Chinese regulators in a public address for lagging the times.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Can you believe it..These agenda news guys are even getting sold to Chinese money..