Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some ... ( read original story ...)
Ant Group gets ‘very manageable’ $984 million fine as China ends tech crackdown that thwarted world’s biggest IPO
it may take longer than anticipated to resume an IPO. Companies can’t list domestically on the country’s so-called A-share market if they have had a change in control in the past three years — or in ... ( read original story ...)
Alibaba’s Ant Group Accepts Fine, Could An IPO Be Next, Week In Review
Asian equities ended a down week lower in advance of US employment data this morning. ( read original story ...)
China Ends Tech Crackdown With Fines on Tencent, Ant Group
Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market ... ( read original story ...)
Stock market today: Asian shares fall as strong US data dash hopes for an end to rate hikes
Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been dashed by strong economic data ... ( read original story ...)
Communist Party mouthpiece takes issue with Goldman Sachs report calling a ‘sell’ on some major Chinese bank stocks
The Securities Times, owned by the People’s Daily, pushed back against a report by Goldman Sachs that prompted a sell-off of some of the nation’s major state-backed banks. ( read original story ...)
Interview: New Development Bank to deepen local currency, climate financing, says VP
Since its establishment eight years ago, the Shanghai-based New Development Bank (NDB) has gone through "an incredible journey" and will continue to deepen local currency and climate financing, said ... ( read original story ...)