Ant Group

China Is Building Its Own NFT Behind the Great Firewall
China Is Building Its Own NFT Behind the Great Firewall
January 14, 2022  |  Blockchain

Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital...

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Ant Group to Shutter Xiang Hu Bao Mutual Aid Platform
Ant Group to Shutter Xiang Hu Bao Mutual Aid Platform
December 28, 2021  |  International

China’s Ant Group plans to close its Xiang Hu Bao mutual aid platform next month, a move that comes as the country’s government continues its...

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Restaurant Brands International Inc. Teams with Ant Group to Expedite Digital Shift Across Asia Pacific 
Restaurant Brands International Inc. Teams with Ant Group to Expedite Digital Shift Across Asia Pacific 
December 20, 2021  |  Partnerships

Quick service restaurant company Restaurant Brands International Inc. (RBI), has joined forces with Ant Group to undertake a digital transformation in 1,500 restaurants across eight...

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Tencent’s WeChat Pay Envisions Future Where Payment Options are the Norm
Tencent’s WeChat Pay Envisions Future Where Payment Options are the Norm
December 02, 2021  |  Mobile Payments

China’s crackdown on technology companies that offer payment services had the unintended side effect of opening the lines of communication between competitors like Alibaba and...

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Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
November 24, 2021  |  International

Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to...

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Ant to Turn Over Consumer Credit Info to Chinese Government
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021  |  International

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting...

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B2B Payments Today: China’s Edict Could Cause SMB Headwinds; Visma Eyes 2023 IPO
B2B Payments Today: China’s Edict Could Cause SMB Headwinds; Visma Eyes 2023 IPO
September 13, 2021  |  B2B Payments

Today in B2B payments, MonetaGo is fighting financing fraud and Visma could go public in 2023. Plus, the Chinese government forces Ant to reconfigure its...

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Wide-Ranging Chinese Corporate Crackdown May Grow Ever Wider
Wide-Ranging Chinese Corporate Crackdown May Grow Ever Wider
August 26, 2021  |  Regulation

The Chinese government’s regulator crackdown has extended well beyond the confines of Big Tech. The question remains … as to what end. And perhaps: where it...

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China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay
China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay
July 26, 2021  |  Payment Methods

The People’s Bank of China wants Ant Group and Tencent Holdings Ltd., which operate payment networks Alipay and WeChat Pay, respectively, to help it develop...

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