April 27, 2024

Home News and Analysis Archive by category IPO News
A close-up shot of accountants working on a consolidated financial report illustrates China's reduced penalty for Ant Group.
IPO News

Ant Group Gets a Reprieve as China Eases Crackdown

World Fintech News 0
As regulators in China prepare to end a multi-year industry crackdown, the financial technology giant Ant Group, an Alibaba Group Holding Ltd subsidiary, will likely face reduced penalties. According to Reuters’ reports, regulators have proposed lowering the proposed fine from over $1 billion to 5 billion ($728 million). Since the People’s Bank of China (PBOC)

Post Gallery

  • Online payment with a debit card on a smartphone illustrates the FLDG RBI fintech guidelines.
  • A businessman shows a digital tablet screen with a financial chart falling down. This is to illustrate the drop in Tingo shares after the Hindenburg report.
  • An economical stock market graph concept illustrates NerdWallet stock news updates.
  • Two businessmen working together using a laptop getting help from ChatGPT for fraud detection.
  • A businessman marks the selling and buying period on a pricing graph illustrating the Upstart stock forecast.
  • A man using smartphone applications with AI illustrates fintech fraud detection using AI.
  • A fingertip on top of Slack and Salesforce apps on the smartphone screen illustrates Slack shareholders' lawsuit.
  • A finance professional gets excited seeing the ascending stock growth graphs illustrate the SoFi's Fintech stock price rise.
  • The image of a finance professional touching a digital verification button illustrates the increasing prevalence of deepfake scams.