Behind the scenes, China’s most celebrated and its most notorious billionaires were linked through investments worth at least $1 billion.
Tag: Ant Financial Services Group
The Billionaire Criminal Who Secretly Profited Off Jack Ma’s Deals
Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
Why China Is Changing Its Tone on Business
With the economy in a fragile state, Chinese officials are starting to use more business-friendly language, and also to back their words with action.
Jack Ma, Ant Group Founder, Will Relinquish Control
Ant Group, the fintech sister company of the e-commerce behemoth Alibaba, is one of China’s most influential companies.
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Jack Ma Shows Why China’s Tycoons Keep Quiet
High-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.
A Global Tipping Point for Reining In Tech Has Arrived
Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.
Here Are the 8 Chinese Apps Trump Banned
The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.
Trump Bans Alipay and 7 Other Chinese Apps
The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.
Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.
The Alibaba online finance spinoff, which offers people in China a one-stop shop for loans, investments and more, will list shares in Hong Kong and Shanghai.