China’s Ant Group is far bigger than just a payments platform now: “It’s the Amazon of financial services.”
The results have painted a striking picture of China’s quick economic recovery from the pandemic.
If foreign investors hold a substantial stake in a company, they could compel it to part with customer data.
Alibaba’s Ant Group, owner of Alipay, hopes to achieve a market value of more than $200 billion. Its IPO filings offer a look at the numbers behind that goal.
As the world’s biggest economic powers decouple, Hong Kong’s exchange has been a surprise winner.
Ant Group could also be among the most valuable financial companies, period.
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it […]
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It is at a 12.5% premium over Jio’s equity value in the Facebook deal.