Tag - ant

 
 

ANT

Ant and Alibaba co-founder Jack Ma
BUSINESS / Tech
Dec 9, 2024
Jack Ma pushes AI drive in rare speech since Ant crackdown
The co-founder of Ant and affiliate Alibaba showed up to talk about the next 20 years of the fintech company and the opportunities brought on by artificial intelligence.
The Alibaba Group Holding offices in Beijing on Tuesday. Alibaba is scheduled to release earnings results on Thursday.
BUSINESS / Companies
Aug 9, 2023
Alibaba and Tencent’s big gains may not signal inflection point
Chinese policymakers have stopped short of providing significant policy support, consumer spending is muted and profit margins remain thin.
Japan Times
BUSINESS / Tech
Jul 8, 2023
China ends tech crackdown with fines on Tencent and Ant Group
China imposed more than $1 billion in fines on tech giants Ant Group and Tencent Holdings, signalling an end to a crackdown on the sector that had wiped out billions in market value.
Japan Times
BUSINESS
Jul 7, 2023
China ends Ant Group's regulatory revamp with fine of nearly $1 billion
The penalty, one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license.
Japan Times
BUSINESS / Tech
Jan 7, 2023
Billionaire Jack Ma gives up control of Ant Group
The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma's voting control of Ant.
Japan Times
BUSINESS
Nov 30, 2022
Jack Ma living in Japan after China tech crackdown, report says
The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping the initial public offering of Ma's Ant Group.
Japan Times
BUSINESS / Tech
Feb 22, 2022
China tells banks and state firms to report exposure to Jack Ma’s Ant
It is unclear what has triggered the new scrutiny or whether it will lead to any actions or conclusions by regulators.
Japan Times
BUSINESS / Tech
Sep 27, 2021
China’s humbled tech tycoons pledge allegiance to Xi’s vision
The top tech bosses vowed to support the leader's 'common prosperity” policy and market-roiling regulatory onslaught on the digital sector, at the country's annual internet conference.
Japan Times
COMMENTARY / World
May 16, 2021
Regulators may be doing Alibaba a favor after all
Of great concern is that this core business once again contributed all of the operating profit because the rest of Alibaba's divisions remain a drag on earnings.
Japan Times
BUSINESS / Companies
May 15, 2021
Alibaba vows to hike spending after first loss since 2012
Jack Ma's flagship e-commerce firm swung to a 5.5 billion yuan ($852 million) net loss after the company swallowed a $2.8 billion fine for monopolistic behavior imposed by Beijing.
Japan Times
BUSINESS
May 12, 2021
After $260 billion slide, Alibaba aims to show the worst is over
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
Japan Times
COMMENTARY / World
Apr 19, 2021
Trust me, you don’t want to be China's biggest billionaire
Conspicuous wealth attracts unwanted scrutiny. Beijing is wary of rich developers because they often load up on debt, thereby putting corporate China's financial health at risk.
Japan Times
COMMENTARY / World
Mar 31, 2021
I wrote a book on Chinese history. It was stolen by pirates on Alibaba
The scale of counterfeiting in China is so vast that tackling it is an epic undertaking even for the supposedly uber-capable Chinese state
Japan Times
COMMENTARY / World
Mar 22, 2021
China’s regulatory war on Ant Group
Once the powerful central bank publicly turned against Ant, bureaucrats who had endorsed the group fell silent and other departments began to jump on the bandwagon.
Japan Times
BUSINESS
Feb 22, 2021
Ant faces another setback in curbs on joint lending with banks
Jack Ma’s Ant Group Co. and China’s other fintech giants were dealt another blow by new rules that target a lucrative growth area — joint lending with banks.
Japan Times
COMMENTARY / World
Feb 17, 2021
Why is China cracking down on Alibaba?
Given the Chinese government's huge regulatory power, investors are rightly anxious about Alibaba's prospects.
Japan Times
BUSINESS / Companies
Jan 29, 2021
Alibaba investors still uneasy after crackdown on Jack Ma’s empire
The Chinese giant is projected to unveil its slowest pace of third-quarter sales growth in five years on Tuesday, while confronting potentially the biggest crisis of its two-decade existence.
Japan Times
BUSINESS / FOCUS
Jan 28, 2021
China’s crackdown will shake up world’s largest fintech market
The nation's financial watchdogs have made it their primary goal this year to curb the 'reckless” push of technology firms into finance.
Japan Times
BUSINESS / Tech
Jan 20, 2021
Jack Ma emerges for first time since crackdown on Ant and Alibaba
While his location is unknown, Ma's emergence in a public forum may help quell persistent rumors about his fate while Beijing pursues investigations into online businesses.
Japan Times
ASIA PACIFIC
Jan 9, 2021
China issues rules to stop ‘unjustified’ use of foreign laws
The rules are effective immediately and allow authorities to ban the imposition of other jurisdictions' laws on Chinese entities but will be difficult to enforce abroad.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’