Ant Group

Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services.

Huabei is utilized by more than 200 million people and will be peeled off from the Alipay super app.

Online lending is being curbed while Beijing aims to build a stake-backed credit scoring system.

F&B platform Chope recently signed a strategic partnership with Alipay that will allow merchants to set up mini apps on the Chope app.

Ant Group has scrapped its plans to acquire a minority stake in Wave Money for USD 73 million.

Primavera’s Fred Hu: crackdown will make China tech sector ‘more competitive.’

Despite the trials, lotteries, and promotional campaigns by the government and banks for China’s digital currency, few people see a reason to jump on board.

License comes after months of pressure against Jack Ma’s fintech company.