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.
Trump targets Ant’s Alipay, WeChat Pay and others in latest round of bans
The outgoing president's order bans U.S. transactions with eight Chinese software apps in 45 days, when he’ll no longer be in office.
Jack Ma skips cherished TV show after Beijing tightens screws
Billionaire Ant Group Co. co-founder Jack Ma skipped a recent taping of an African TV program he created, spurring speculation online about his whereabouts and the outcome of an investigation into his internet empire. Ma hasn’t been seen in public since Chinese regulators torpedoed Ant’s ...
China punctuates greater market freedoms with tough crackdowns
Last month alone, Beijing canned Ant Group’s share sale, issued rules to root out monopolies in the internet sector and began scrutinizing investments in new energy vehicles.
Derailing of Jack Ma’s Ant IPO shows Xi Jinping is in charge
For global investors, the episode is likely to reinforce the notion that the Communist Party calls all the shots when it comes to major business decisions.
China is planning a bigger Ant crackdown with bank funding curbs
China abruptly halted Ant’s IPO after summoning Ma to a meeting earlier in the week to outline an array of concerns and new regulations.
Jack Ma’s Ant set to raise $35 billion in biggest-ever IPO
The move will mean the fintech giant will have a market value of about $315 billion, about the same as JPMorgan Chase & Co.
Secrecy and speed: Inside Ant Group’s unusual IPO process
The fintech giant is following a highly unusual process that draws on some of the tactics its former parent and affiliate Alibaba Group has previously used.
