Ant Group, owned by billionaire Jack Ma, has launched a digital bank

In Singapore, the fintech behemoth said that its wholly-owned and Singapore-based subsidiary ANEXT Bank will provide financial services to small and medium-sized businesses in the region, with an emphasis on those with cross-border activities. The company, which is led by former DBS CEO Toh Su Me...

Argentina sees Strike

Highlights :

•             Strike, a bitcoin-based wallet and exchange service, is now in Argentina for users to witness  USDT integration to users.

Jack Mallers, CEO of Strike, wants Argentinians to hold a ...

ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION

Highlights –

• Alibaba expects no material impact after being fined $2.75 billion.
• Alibaba was fined by China’s antitrust regulator for abusing market dominance.
• Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...

CHINESE ANTITRUST REGULATORS LIKELY TO LEVY ALIBABA GROUP’S ON RECORD FINE

Highlights –

• Chinese antitrust regulator's likely to levy Alibaba Group’s on record fine.
• The fine is likely to surpass $975 million, an amount paid by Qualcomm in 2015.
• Chinese regulators have been stinging criticism on Jac...

ALIBABA REPORTS HUGE QUARTERLY PROFITS EVEN AS BEIJING STIRS TROUBLE

• Alibaba reported big quarterly earnings in profits for its e-commerce business. However China's most prosperous tech firm had nervousness writ large on faces of investors on Tuesday.
• This was due to a regulatory crackdown by Beijing followed by co-founder Jack Ma's bad ...

ARE CHINA’S TYCOONS OUT OF LEAGUE WITH THE REST?

• One day you are right on top of the world, next day you are down in the dumps!  China’s billionaire rankings are as finicky as ever. In 2017,
• Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation’s most opulent man.

ALIBABA’S TURN TO REJOICE AMIDST STUNNING PROFITS AND IPO BLACKLISTING

• Chinese e-commerce leader Alibaba on Thursday registered 30% year-on-year revenue growth for the July-September quarter, finally delivering some heartening news amidst turmoil over its Ant Group affiliate's abandoned IPO.
• Hangzhou-based Alibaba stated revenue -- a pivotal m...

ANT GROUP IPO FALLS FROM GRACE WITH SUSPENSION WRITTEN IN BOLD LETTERS

• The Shanghai stock exchange has restricted Ant Group's A-share IPO on its STAR Market, which was previously marked for Thursday, the Chinese exchange said on Tuesday.
• Ant Group has of late reported to China's securities regulator about the significant changes in the reg...

IMPACT OF INDO-CHINA CONFLICT ON TATA MOTORS, ALIBABA AND XIAOMI

Highlights

• Tata Motors is witnessing extraordinary demand in China after the economy reopened after COVID-19 crisis

• Alibaba operates numerous data centers across India and its UC Browser is one of the most used applications in India

• Smartphone br...