After levying a record-breaking fine against Alibaba and requiring sweeping structural changes to Ant Group’s business earlier this month, Chinese regulators are showing no signs of letting up in their crackdown on big...
Six months after abruptly calling off fintech giant Ant Group’s IPO and launching an investigation into Alibaba for antitrust violations, Chinese regulators have at last announced their penalties against the two affiliated...
More than four months after a high profile crackdown on Jack Ma’s financial empire marked the beginning of a regulatory overhaul for China’s big tech companies, details of the penalties set to be imposed on internet...
New announcements from China’s regulatory authorities have revealed broad plans to rein in Alibaba and Ant Group, as part of a concerted effort to strengthen state supervision of Jack Ma’s business empire. On...
In early May, China’s main P2P microfinance organization Wokai announced that it will temporarily close its operations. This organization was solely directed at lending money to impoverished farmers in China. Fortunately, new...
The New York Times reports on the agreement by Jack Ma (CEO of the Alibaba Group) and Muhammad Yunus (founder of Grameen Bank) to create Grameen China: Alibaba Group is contributing the initial $5 million in seed money, but both...
Microfinance has always been a subject discussed in the context of India, Africa, or Southeast Asia, but few talk about it in the context of China. On the World Bank’s East Asia and Pacific on the Rise’s blog, an...
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