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. Banks must cap overall co-lending with internet platforms or other partners at no more than 50% of ...
Why is China cracking down on Alibaba?
Given the Chinese government’s huge regulatory power, investors are rightly anxious about Alibaba’s prospects.
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.
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.
Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Now, Jack Ma has become a case study for the firms’ biggest skeptics. Companies from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. splashed out billions ...
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 ...
Beijing’s strong sense of crisis in Ant IPO postponement
Amid the rapid growth of the nation's digital economy, Jack Ma’s dream was very different from China's.
The $37 billion initial public offering would have been the world’s largest and conferred a value of $316 billion on the Chinese financial giant.
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.
