Ant Group Archives

Tencent along with its payments subsidiary Tenpay has been fined approx 2.99 bn yuan by People's Bank of China

China imposes hefty fines on Alibaba, Tencent

PGurus Newsdesk - July 8, 2023 0

China wraps up fintech crackdown with big fines on Tencent, Alibaba As part of the regulatory crackdown that began a couple of years ago, China...

The Ma’s trip home comes as Beijing eases up on tech crackdown that hit confidence among private businesses

International/ World news

Billionaire Jack Ma returns to China after more than a year-long...

Team PGurus - March 27, 2023 0

Alibaba's Jack Ma returns after a year-long absence Jack Ma, the globe-trotting Chinese billionaire and founder of e-commerce giant Alibaba, returned to China on Monday,...

Ma has largely disappeared from public view since he criticized Chinese regulators two years ago

Business

Jack Ma cedes control of Chinese fintech company Ant Group

PGurus Newsdesk - January 7, 2023 0

Jack Ma will end an acting-in-concert pact with three executives which gave Ma 53.46% of the voting power in the fintech company As per the...

According to draft IPO documents, Paytm plans to raise Rs.8,300 cr through fresh issue of equity shares and another Rs.8,300 cr through the offer-for-sale route

Business

Paytm gets SEBI nod for mega Rs.16,600-cr IPO. Chinese firm Alibaba...

Team PGurus - October 22, 2021 0

Paytm may skip a pre-IPO round to fast-track listing Digital financial services firm Paytm got market regulator Securities and Exchange Board of India’s (SEBI) approval...