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International

Cheng Leng

Ant weighs financial holding company to placate regulators, sources say

Dec 29 2020

(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.

Finanzfirma Ant will Chinas Behörden mit Konzernumbau beschwichtigen

Dec 29 2020

Hongkong/Peking Nach massivem Druck der Behörden prüft der chinesische Finanzkonzern Ant Insidern zufolge einen Konzernumbau.

Chinese banks to feel fund-raising pain as investors fear bad loans

Dec 27 2020

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.

China launches antitrust probe into tech giant Alibaba

Dec 24 2020

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

China regulator says should consider digital data tax for tech firms

Dec 16 2020

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.

RPT-EXCLUSIVE-Beijing city in talks to rescue property firm Phoenix Tree -sources

Dec 01 2020

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 city in talks to rescue property firm Phoenix Tree - sources

Dec 01 2020

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.

How billionaire Jack Ma fell to earth and took Ant's mega IPO with him

Nov 05 2020

SINGAPORE/HONG KONG/BEIJING They say talk is cheap. Tell that to Jack Ma.

China tells Ant to expect scrutiny of credit business ahead of record listing: sources

Nov 03 2020

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.

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