Category: <span>Ant Group</span>

China to lay down new payment antirtust rules that may affect Ant, Tencent

According to the draft rules, any non-bank payment firm with at least 50% of the online transaction market could be…

The Alibaba co-founder had reached a peak of US$61.7 billion this year and was poised to become Asia’s richest person…

The People’s Bank of China told Ant executives to “rectify” the fintech giant’s lending, insurance, and wealth management businesses. Source…

Earlier this month, Alibaba and China Literature, Tencent’s e-book spinoff, were fined for failing to declare past acquisitions. Source link

Could edfintech startups make tertiary education more accessible to Indonesians? Source link

The Alibaba-backed firm hasn’t launched a formal sale process and financial details of the potential deal have yet to be…

ShopeePay’s carefully timed foray into Indonesia, and why these SaaS startups have been given a boost Source link

The fintech giant is in discussions with officials to ensure that it stays in line with the evolving regulations. Source…

It will use the funds to expand its online platform and bolster its technology. Source link

A look at the key players in Indonesia’s edtech industry and how Ant Group’s Asia investees can help to diversify…