ant group
The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two…
Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will split into six business groups,…
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Are Arm and Ant Group’s derailed exits back on track?
Once an exit gets off the rails, and under current market conditions, it is just not easy to get back on track.
Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by…
After trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after…
China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reported…
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Despite crypto ban, China’s tech talent rides the global web3 wave
Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide. We spoke to a dozen Chinese founders and investors to find out how this group…
The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Association,…
The OpenInfra Foundation launches ‘directed funding’ as a new way to support open source projects
The OpenInfra Foundation, the open source foundation that used to be the OpenStack Foundation until it expanded its scope beyond its flagship project a few years ago, today announced…
In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like…
Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and other ecosystem players. The…
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Wrapped in red tape, China’s startups give up their mainland dreams
Like many ambitious Chinese who graduated college abroad during the 2010s and aspired to be the next Jack Ma or Pony Ma, Lucas returned to his motherland to build his own internet startup. Two years into running the business, however, his enthusiasm has waned. The regulatory risks and compliance costs…
China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. While the country’s digital exporters…
It used to take a while to amass $5 billion in assets under management. Not so for Lead Edge Capital, a 12-year-old California- and New York-based growth-equity firm that just…
Losing Chinese corporate venture capitalists entirely, and overnight — which will not happen, mind — would be sharply contractionary but not lethal.
In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in…
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.…
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VCs unfazed by Chinese regulatory shakeups (so far)
Slightly falling quarterly venture capital totals and a notable decline in unicorn formation does not a startup winter make. So let’s look at what’s happened more recently.
This Week in Apps: In-app events hit the App Store, TikTok tries Stories, Apple reveals new child safety plan
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a…
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China’s regulatory crackdown is good news for startups aligned with CCP goals
Things are changing in China, and the regulatory landscape of tech work in the country won’t be the same from here on out.
When it comes to control, the Chinese government doesn’t mind wiping out a few dozen billion dollars in market cap here and there. That’s not a great system.
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. A…
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Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors
To see Didi get taken to task mere days after its U.S. debut puts a bad taste in our mouths.
Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6…
Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer to Davos, the American payments…
Indian food delivery startup Zomato on Wednesday filed for an initial public offering, ushering a new era for tech unicorn startups in the world’s second-largest internet market after years of…
China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that…
The details for Ant’s overhaul have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will become a financial holding company that will bring more regulatory scrutiny…
Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of…
One of the few industries that have benefited from the COVID-19 crisis is online finance. Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong’s WeLab,…
