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 ...

JACK MA OVERLOOKED FOR CHINA STATE MEDIA’S COMPILATION OF TECH STALWARTS

• Jack Ma was clearly missing from a list of China's entrepreneurial stalwarts published by state media Tuesday, underlining how the iconic Alibaba co-founder has fallen on the wrong side of Beijing.
• Ma, once idolized at home for creating some of his country's largest cor...

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...

WORLD’S LARGEST IPO TO MAKE SELECT FEW BILLIONAIRES

• Junhan and Junao entities own about half of Ant Group, and at least 19 shareholders have stakes valued at over $1 billion.
• Its the most valued fintech company in the world and is slated to go public in the coming months, attributing early investors and employees with untold ric...

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...

JACK MA RESIGNS FROM SOFTBANK BOARD

Highlights

• Jack Ma served on the board of SoftBank for over a decade

• SoftBank Group announced operating losses worth $12.7 billion for the fiscal year ended on March 31

Hours after SoftBank announced the largest loss in its history, which is also one of...

AFTER AFRICA AND US, CHINESE BILLIONAIRE JACK MA DELIVERS CORONAVIRUS KITS TO PUTIN’S RUSSIA

Highlights

• Masks, testing kits reach Russia via Air force plane

• President Putin confident about defeating covid-19

• Jack MA’s plan to help Latin American countries

After sending essential supplies to countries in Africa and United ...

Rags to riches story Jack Ma

“The very important thing you should have is patience”

Jack Ma a billionaire, popularly known as Co-Founder and former Executive Chairman, Alibaba Group. According to Forbes, he used to be an English teacher after which he co-founded Alibaba Group a global leader in e-commer...