WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but…
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Short seller Kerrisdale goes long on 'The Robinhood of China'
NEW YORK (Reuters) – Sahm Adrangi, whose Kerrisdale Capital cemented its reputation with successful bets against Chinese internet companies, came out with a long position…
Ant IPO could resume once issues resolved: China's central bank
BEIJING (BLOOMBERG) – Ant Group could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some…
Fintech startup MX raises $300 million at $1.9 billion value
(Reuters) – Utah-based fintech startup MX said on Wednesday it raised $300 million in a funding round led by private equity firm TPG Capital, giving…
Ant plans holding company with regulation similar to bank, sources say
BEIJING (BLOOMBERG) – Jack Ma’s under-seige Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a…
After Ant, China vows escalation in clampdown on fintech's dominance
BEIJING (BLOOMBERG) – China’s top banking watchdog doubled down on a renewed push to rein in financial technology companies such as Ant Group, promising to…
Ant Group's stalled IPO seen slashing its value by $188 billion
HONG KONG (BLOOMBERG) – China’s move to halt Ant Group’s massive stock debut could reduce the fintech giant’s value by as much as US$140 billion…
China planning bigger crackdown on Jack Ma's fintech empire, sources say
BEIJING (BLOOMBERG) – The shock suspension of Ant Group’s US$37 billion (S$50.6 billion) initial public offering is just the beginning of a renewed campaign by…
Jack Ma gets warning from China on Ant's rapid expansion
BEIJING (BLOOMBERG) – China warned Jack Ma and senior Ant Group executives that the fintech giant will face new curbs on its expansion, highlighting growing…
Asia wealth managers pull out all stops to get clients on Ant IPO
HONG KONG (REUTERS) – Wealth managers in Asia are preparing to lend more to their clients and help them raise cash by selling investments to…