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Retailing giants in Asia are grappling with the delicate balance of managing supply chain disruptions and keeping pace with ever-changing consumer expectations. As economies rebound from the impacts of the pandemic, retailers are re-evaluating their…
Ant Group is reportedly in discussions with state-owned enterprises to create a credit scoring firm that houses data collected from its massive user base. The formation of the new entity could see Ant Group cede control over financial data of more than a…
The internal guidelines come amid increased scrutiny by Chinese regulators of the country’s financial technology sector. In a statement, Ant said it will stop issuing loans to minors on its consumer loan platforms and will prevent small business loans from…
Chinese fintech giants Ant Group and Tencent are the latest to attempt to inspire calm in markets after they told investors not to overreact to price swings and avoid making hasty decisions. Alipay, Ant Group’s payment arm, issued a letter earlier this week…
Ant Group’s Alipay, Tencent Holdings’ QQ Wallet and WeChat pay are among the apps banned by executive order. Tensions between Washington and Beijing are set to rise with the latest executive order from U.S. President Donald Trump, which bans transactions with…
