jack ma

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…

China wraps up fintech crackdown with big fines on Tencent, Alibaba

Hours after rumors started circling in China about Alibaba’s chairman and CEO Daniel Zhang possibly stepping down, the e-commerce behemoth confirmed midday on Tuesday that the executive will hand over…

Alibaba CEO Daniel Zhang to pass the torch and focus on cloud

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,…

Alibaba splits into six in biggest overhaul in 24 years

Jack Ma’s whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Ma had chosen to stay abroad despite China’s efforts…

Alibaba founder Jack Ma returns to China after a year of uncertainty

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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.

8:00 am PST • January 10, 2023
Are Arm and Ant Group’s derailed exits back on track?

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…

Ant’s global play is to be a payments aggregator and it now reaches 1B users

News on Tencent and China Unicom caused a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval…

Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm

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…

Jack Ma to give up control of fintech giant Ant Group: WSJ

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…

Ant Group buys Singapore’s 2C2P to further global payments ambitions

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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 affecting his company have become…

10:02 am PDT • April 14, 2022
Wrapped in red tape, China’s startups give up their mainland dreams

China’s augmented reality startup Nreal is on a roll. The company, which hopes to bring AR to the masses by making bright-color, lightweight smart glasses, has just received $60 million in…

AR glasses maker Nreal nabs $200M funding in 12 months

Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history, the company announced on Monday morning. Maggie Wu, the e-commerce titan’s…

Alibaba undergoes major management reshuffle

China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.

China banning foreign IPOs would be pretty unsurprising

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The rapidly changing investor calculus on China’s tech giants

As wave after wave of regulatory crackdowns have dominated China tech news in 2021, one can be excused for losing track of what is being regulated, who is doing the regulating and what exactly the regulations are.

6:25 am PDT • October 23, 2021
The rapidly changing investor calculus on China’s tech giants

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.…

China roundup: Beijing is tearing down the digital ‘walled gardens’

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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.

7:09 am PDT • July 28, 2021
China’s regulatory crackdown is good news for startups aligned with CCP goals

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…

China roundup: What’s going on with China’s data security clampdown?

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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.

7:34 am PDT • July 2, 2021
Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors

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…

Jack Ma’s Ant called to end anti-competition in payments

China’s relaxation of its one-child restriction has not delivered the population targets set by its policy planners. In 2019, the birth rate in China slumped to a seven-decade low, which…

Boss of Chinese gaming titan NetEase calls for shared parental leave

Howdy friends, this is the web version of my Week in Review newsletter, it’s here to entice you to sign up and get it in your inbox every week. Last…

Augmented reality’s awkward phase will be long and painful

Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up…

Alibaba shares jump on Jack Ma’s first appearance in 3 months

The world’s attention is on Jack Ma’s whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October. On October…

Jack Ma’s absence from public eye sparks Twitter discussions

As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which…

China’s adaptive robot maker Flexiv raises over $100 million

China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans.…

China’s e-commerce titan Alibaba hit with antitrust probe

China’s tech circle is shifting its attention to online healthcare this week as JD Health is set to go public in one of Hong Kong’s largest IPOs this year. Like…

How Alibaba and JD.com compare in their healthcare endeavors

China has pledged that it would be sharing its COVID-19 vaccines with other countries, especially those with which it has close ties. While the country is not ready to deploy…

Alibaba and Ethiopian Airlines to launch cold chain exporting China’s COVID vaccines

The Shanghai stock exchange announced postponing Ant Group’s colossal initial public offering, a day after Chinese regulators weighed a slew of new fintech rules and summoned Jack Ma and other…

China postpones Ant’s colossal IPO after closed-door talk with Jack Ma

Motif FoodWorks, the Ginkgo Bioworks spinout focused on developing new plant-based flavorings and food ingredients, is readying commercial scale production of its first product — an ingredient to improve the…

Motif FoodWorks preps commercial production for its first ingredient

The Jack Ma-controlled Ant Group finally sets in motion what the market has been anticipating for years. The financial services and payments behemoth said Monday that it has kickstarted the…

Jack Ma’s fintech giant Ant starts IPO process in Hong Kong and Shanghai