The Chinese government is cracking down on monopolies by “platform” companies and increasing oversight into them. The country’s president Xi Jinping, after a meeting...
Chinese fintech powerhouse Ant Group is considering to sell its 30% equity stake in Paytm’s holding company One97 Communications Ltd, Reuters reported. While the...
The Shanghai Stock Exchange (SSE) has suspended the Ant Group’s $34.5 billion initial public offering (IPO) on Tuesday, after the financial conglomerate was summoned...
The US government is considering placing restrictions on Tencent Holdings and Ant Group due to national security concerns over their digital payment platforms, Bloomberg...
China’s Alibaba Group has put its plans for investments into Indian companies on hold, Reuters reported on Wednesday. The company will pause fresh funding...