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Friday, Mar 05, 2021
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Ant Group Exec Tells Workers Firm to Go Public as State Regulators Slam 'Insufficient' Data Sharing
An internal post from a top executive responded to concerns from an employee over the company's future and talent retention strategy, and comes after major challenges following the suspension of a historic public listing in November last...
Clubhouse app: what is it and how do you get an invite to the exclusive audio app?
The exclusive invitation-only social networking app is a hybrid of conference calls, talkback radio and Houseparty
Alibaba is back in Beijing's good books for helping to fix poverty
Jack Ma's tech empire may still be facing tough new regulations in China, but Alibaba seems to have won at least a little bit of favor this week from President Xi Jinping.
Analysis: Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank
Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day.
TikTok is laying off employees in India as ban becomes permanent
TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a monthslong ban on the app in the country.
China issues new anti-monopoly rules targeting its tech giants
China’s market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech giants.
I predict that the 21st century is going to be Indian century: Jeff Bezos
Read more about I predict that the 21st century is going to be Indian century: Jeff Bezos on Business-standard. Under Bezoss leadership, Amazon identified India as a strategic market as early as 2013
Shares in Kuaishou nearly triple on HK debut
China's popular video platform and rival to TikTok's counterpart Douyin soared to HK$338 at the open
Bank of China raises US$500 million in first offering of Yulan bonds
Bank of China has become the first company to sell Yulan bonds, a new debt product that links Chinese companies with global investors, as the Asian country seeks to widen its funding access amid uncertain ties with the US.
Ant Group reaches agreement with regulators on overhaul
An agreement between Ant Group and the regulators would lift a cloud of uncertainty hanging over the company and from across the financial technology industry.
Tencent fires 100 employees, blacklists 37 firms in anti-graft campaign
Tencent Holdings Ltd on Wednesday named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.
Hang Seng shoots up by 300 points
Stocks bounced at the open in Hong Kong today. The benchmark Hang Seng Index shot up by 300 points, or 1.06 percent at 28,584.01. Tecent Holdings (0700) added 2.42 percent at HK$698.00. Alibaba Group (9988) has lost 0.32 percent at HK...
AutoX Opens Real Robotaxi Service In China To The General Public
AutoX has announced that its Robotaxi service, with no safety drivers on board, will now be available to the general public in Shenzen.
China opens door to Ant Group's stock market debut
China’s central bank governor has signalled that the door remains open for Ant Group’s stock market debut.
Hong Kong investors face wildest stock swings since July as Alibaba gains
Hong Kong stock investors are facing the biggest price swings in six months in a rollercoaster week of trading. Alibaba advances after China’s central bank hinted its affiliate Ant Group may be able to revive its stock offering.
How new millennial billionaires built the biggest rival to China’s TikTok
Kuaishou founders Su Hua and Cheng Yixiao will see their net worth jump above US$7 billion and US$6 billion, respectively, but their app still trails behind the popularity of ByteDance’s Douyin and TikTok.
China’s Big Tech deals in 2020 focused on education, health care
Big Tech acquisitions in China continued to cool in 2020 but online education and health care bucked the downward trend amid the coronavirus pandemic.
Alibaba stock spikes after Jack Ma resurfaces
Chinese billionaire Jack Ma resurfaced in an online video after staying out of the public eye for months -- fueling rumors that he was missing.
World’s second-largest short video platform seeks US$5 billion in Hong Kong IPO
Kuaishou will raise the curtain for other China’s short video-sharing platforms to raise funds via IPO in Hong Kong.
Alipay and WeChat Pay’s monopoly status remains unclear in new regulation
A draft regulation from China’s central bank specifies two different markets for assessing companies’ market power, sowing confusion over the impact on China’s two fintech giants.
TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce
ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok.
Why China is investing heavily in blockchain
Last year was a big year for blockchain projects in China after President Xi Jinping called for further development of the technology at the end of 2019, but the country continues to shun cryptocurrencies like bitcoin.
The tech supremacy: Silicon Valley can no longer conceal its power
‘To see what is in front of one’s nose needs a constant struggle,’ George Orwell famously observed. He was talking not about everyday life but about politics, where it is ‘quite easy for the part to be greater than the whole or for two o...
Jamie Dimon says JPMorgan Chase should absolutely be 'scared s---less' about fintech threat
JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world have exponentially grown users and market value.
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