Ant Group

Retail Asia28/06/2021

Ant Group is reportedly in discussions with state-owned enterprises to create a credit scoring firm that houses data collected from its massive user base. The formation of the new entity could see Ant Group cede control over financial data of more than a billion users, according to a report citing unnamed users. Ant Group’s data […]

Retail Asia15/03/2021

The internal guidelines come amid increased scrutiny by Chinese regulators of the country’s financial technology sector. In a statement, Ant said it will stop issuing loans to minors on its consumer loan platforms and will prevent small business loans from flowing into stock and property markets. The group’s credit-rating service Zhima Credit will also not […]

Retail Asia12/03/2021

Chinese fintech giants Ant Group and Tencent are the latest to attempt to inspire calm in markets after they told investors not to overreact to price swings and avoid making hasty decisions. Alipay, Ant Group’s payment arm, issued a letter earlier this week in its app to urge investors to take a longer-term view on […]

Retail Asia06/01/2021

Ant Group’s Alipay, Tencent Holdings’ QQ Wallet and WeChat pay are among the apps banned by executive order. Tensions between Washington and Beijing are set to rise with the latest executive order from U.S. President Donald Trump, which bans transactions with eight Chinese software applications. The move is aimed at curbing the threat to Americans posed by Chinese […]

Tag: Ant Group

Ant Group in Talks to Form Credit Scoring JV with Beijing

Ant Group Issues Financial Self-Discipline Rules

Chinese Fintech Giants Join Efforts to Calm Markets

Chinese Payment Apps Hit by Trump Ban