In today’s top payments news around the world, Mytheresa parent company MYT Netherlands Parent B.V. said it has filed a registration statement to go public, while Jack Ma’s Ant Group is said to be considering moving all of its financial services units to a holding...
Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. 29), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...
In Los Angeles, a widespread glut of shipments has slowed down operations at the nation’s busiest container port complex, the Port of Los Angeles, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Alibaba led another day of high-octane selling that was driven by fears of further antitrust crackdowns, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Big Tech is falling out of favor not just in the West, but in China as well. Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul of the all-powerful political and regulatory regime in China. Get...
Anthony Tan, Grab co-founder and chief executive officer, is looking to secure his title for life as the Singapore delivery and rideshare platform continues to move forward in its merger with rival Gojek, based in Indonesia. Get the Full Story Complete the form to unlock...
India-based Flipkart said its new wholesale operation, a business-to-business (B2B) marketplace, has surged in popularity as the pandemic has pushed more sales online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A Brexit deal has been reached between the U.K. and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. That arm of the financial technology (FinTech) giant offers a virtual credit card. Get...
