BEIJING/SHANGHAI China's HNA Group will receive strategic investment of 38 billion yuan ($5.88 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines, two sources told Reuters on Monday.
(Reuters) -Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said.
Hongkong/Peking Nach massivem Druck der Behörden prüft der chinesische Finanzkonzern Ant Insidern zufolge einen Konzernumbau.
BEIJING Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins.
HONG KONG/BEIJING (Reuters) -China has launched an antitrust investigation into Alibaba Group and will summon the tech giant's Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma's e-commerce and fintech empire. | Video
BEIJING/SHANGHAI (Reuters) -China should consider imposing a digital tax on technology companies that hold copious amounts of user data, a securities watchdog official was quoted as saying by Beijing News, in the latest sign of widening government scrutiny of the sector.
BEIJING, Dec 1 An investment arm of Beijing's
city government is holding talks with shareholders of Phoenix
Tree Holdings Ltd, known as Danke, on raising new funds
to help turn around the cash-strapped Chinese property rental
firm, three sources said on Tuesday.
BEIJING An investment arm of Beijing's city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cash-strapped Chinese property rental firm, three sources said on Tuesday.
SINGAPORE/HONG KONG/BEIJING They say talk is cheap. Tell that to Jack Ma.
BEIJING/HONG KONG China's top financial regulators told Ant Group Co Ltd's founder Jack Ma and two top executives that the company's lucrative online lending business faces tighter government scrutiny, sources told Reuters, days before its record-setting listing.