Ant Group

Ant Group, the Chinese fintech powerhouse backed by Jack Ma, is reportedly planning to integrate Circle's USDC (CRYPTO: USDC) stablecoin into its global blockchain platform. Quoting people familiar with the matter, Bloomberg reported on Thursday that the move is contingent on USDC achieving full...

Chinese fintech giant Ant Group disclosed on Monday that it invested a record 23.45 billion yuan ($3.26 billion) in research and development during 2024, marking the fourth consecutive year of increased R&D spending since 2021. What Happened: The Alibaba Group Holding Ltd. (NYSE:BABA) affiliate...

Alibaba Group Holding (NYSE:BABA) co-founder Jack Ma appeared at the company’s campus in Hangzhou, the capital of eastern Zhejiang province, Ma and Alibaba co-founder Joe Tsai are currently the company’s two largest shareholders. Ma resigned as Alibaba’s chairman in 2019 and has...

Alibaba Group Holding (NYSE:BABA) (NYSE:BABAF) stock has largely been out of investor favor for the past year. The stock is down over 20% in the past year, and down 2.7% year-to-date. However, the stock has recently demonstrated momentum as China kicked off its eight-day Spring Festival holiday...

Jack Ma, the founder of Alibaba and Ant Group, has seen his net worth drop to just over $30 billion, a significant decrease from his peak wealth of $61.7 billion. This decline has been particularly sharp in the past week, with Ma losing around $4 billion, Fortune reports. Controversy and...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire Jack Ma ceding control of Ant Group. Ma’s 10% stake in Ant will drop to 6.2% under the proposed plan, according to a report...

Chinese regulators have reportedly cleared a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit. The China Banking and Insurance Regulatory Commission division approved the company’s plan to raise its capital to 18.5 billion yuan...

Ending Jack Ma’s Ant Group‘s two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaire’s fintech company. What Happened: China’s central bank – which has been driving the revamp at Ant after the Xi Jinping-...

Jack Ma-owned mobile payment giant Alipay was removed from a high-tech company list in Shanghai, Bloomberg reported.  What Happened: Alipay.com did not meet the spending requirement for research and development, as per a government notice on Sept. 8, the report, said adding...

Alibaba Group Holdings Ltd.’s (NYSE: BABA) financial affiliate Ant Group has signed a memorandum of understanding (MoU) with Malaysia’s Kenanga Investment Bank Berhad under which Kenanga will leverage mPaaS, a mobile development platform from Ant Group...

Chinese business magnate and co-founder of Alibaba Group Holdings (NYSE: BABA) Jack Ma was reportedly spotted in Europe after largely disappearing from public view for almost two years. What Happened: The 57-year-old Ma was seen in restaurants in Austria, toured a university in the Netherlands to...

The shares of Alibaba Group Holdings (NYSE: BABA) cracked after its financial affiliate Ant Group refuted media reports claiming that Beijing had formed a team to reassess Ant's stalled initial public offering. What Happened: Billionaire Jack Ma-controlled Ant Group in a statement that said...

Alibaba's Chinese fintech giant Ant Group has appointed Hong Kong Exchanges and Clearing chairman Laura Cha as an independent director, according to a recent website update. What Happened: Jack Ma-controlled Ant Group underwent a major restructuring in order to address Chinese government...

The financial technology giant Ant Group — an affiliate company of the Chinese Alibaba Group Holding Limited (NYSE: BABA) — is expanding in Singapore as it faces regulatory challenges in its home country. What Happened: The fintech giant has posted around 20 job openings for...

Chinese authorities have placed an individual with the last name Ma under “compulsory curbs” in the city of Hangzhou, Bloomberg News reported on Tuesday, citing state broadcaster CCTV. What Happened: Hangzhou is the home base of Jack Ma-founded Alibaba...