NewsAnt Group forms new SaaS company amid regulatory scrutiny of its consumer servicesOne of Ant Group’s largest enterprise clients is China’s central bank. 2 mins read
Xiang Hu Bao has issued payouts to 186,000 patients since its inception. NewsAnt Group to shutter China’s largest mutual aid platform Xiang Hu Bao this week2 mins read
Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations. NewsAnt Fortune’s investment vehicles taken offline mere days after launch2 mins read
Regulators now mandate the processing of user data to be more transparent. NewsAlipay adds privacy feature as Chinese users become increasingly concerned with data protection2 mins read
Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services. NewsDidi suspends mutual aid service as China tightens fintech regulations2 mins read
Huabei is utilized by more than 200 million people and will be peeled off from the Alipay super app. NewsAnt Group’s Huabei consumer lending business shares credit records with China’s central bank2 mins read
Online lending is being curbed while Beijing aims to build a stake-backed credit scoring system. NewsChinese regulators break up Alipay, split off loan business2 mins read
F&B platform Chope recently signed a strategic partnership with Alipay that will allow merchants to set up mini apps on the Chope app. Q&A6 thoughts from Chope CEO Arrif Ziaudeen on digitizing restaurants across Southeast Asia4 mins read
Ant Group has scrapped its plans to acquire a minority stake in Wave Money for USD 73 million. NewsWave Money has lost half of its app users since Myanmar’s coup in February2 mins read
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