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The Latest Breaking News from Ant

Phil Tufnell reveals why he's returning to I'm a Celebrity after 20 years

Phil Tufnell returns to the jungle — but this time it's for I'm a Celebrity South Africa.

WhatToWatch

China Internet Giant Alibaba Emerging From Deep Freeze As Restrictions Ease

Alibaba got good news that China might reduce a $1 billion fine on the company's fintech arm, Ant Group. BABA stock rose then fell.

Investors Business Daily

I'm A Celeb All Stars first twist exposed as 'SIX bombshell arrivals join as latecomers'

The first twist on I'm A Celebrity All Stars is said to be the arrival of six more memorable campmates who will battle to become the first I’m A Celebrity Legend

Daily Mirror

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China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

China e-commerce giant Alibaba outlines future strategy

The CEO of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses

The Independent UK

Alibaba's overhaul: a 'smart' move after China crackdown

Beijing (AFP) - Alibaba, China's biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date.

AFP

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Caixin Global

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‘A lifeline’: mental health camps bring peace of mind to thousands in rural Assam

India’s severe shortage of mental health professionals and treatment funding leaves many patients without options. But a pioneering programme is working to get lives back on track

The Guardian - UK

Alibaba Keeps Climbing As It Gets More Good News From China Regulators

BABA stock climbed as it received good news that government officials will ease a two-year regulatory clampdown on Internet companies.

Investors Business Daily

Alibaba Stock Gains As Jack Ma Cedes Ant Control, Beijing Eases Crackdown

“We’ll encourage (tech platforms) to come out strong in leading economic growth, creating more jobs, and competing globally,” said CCP secretary Guo Shuqing.

The Street

China billionaire gives up control of Ant Group

One of China's richest men Jack Ma will give up control of the company he founded after a regulatory crackdown. Mr Ma, who started online marketplace

The New Daily

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Al Jazeera

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

Bangkok Post

Jack Ma to cede control of China's Ant Group

Beijing (AFP) - Jack Ma will cede control of Chinese fintech giant Ant Group, the company announced Saturday, following a Communist Party crackdown on the nation's tech sector that targeted the charismatic billionaire.

AFP

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The Independent UK

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

Daily Mirror

I'm A Celebrity's Babatúndé shares Celeb Gogglebox behind-the-scenes secrets

Babatúndé Aléshé has dished the dirt on what actually happens when he sits down to film Celebrity Gogglebox with Mo Gilligan and the revelations may just shock y

Bangkok Post

Ant digital bank expands in Singapore with small business loans

Ant Group Co’s Singapore digital wholesale bank will start offering loans to small and medium-sized businesses, as the Chinese fintech giant extends its reach in the city-state.

Financial Times

What the eclipse of Tencent by a liquor company says about Xi’s China

Kweichow Moutai has overtaken the tech group in market capitalisation thanks to the whims of one man

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Bangkok Post

Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

AFP

Alibaba shares extend losses on US delisting fear

Hong Kong (AFP) - Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

Benzinga

Alibaba Stock Plummets As Chinese Regulators Pressure Jack Ma To Cede Control Of Ant Financial

Alibaba Group Holding Ltd - ADR (NYSE: BABA) finished a news-packed week on a low note Friday and was down about 9.5% following reports that billionaire Jack Ma is giving up control of Ant Financial.

Benzinga

Benzinga Before The Bell: Apple's Strong China Revenue, Amazon's EV Partnership, Jack Ma To Cede Control Of Ant Financial And Other Top Financial Stories Friday, July 29

Reuters Tencent’s Overseas Ambitions Face Resistance From India

Bangkok Post

Jack Ma gives up power, escapes Beijing’s crosshairs

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he steps back from a business empire that had made him one of the country’s most powerful people.

Wales Online

Declan Donnelly announces birth of second child with adorable photo

Dec took to Twitter to announce the birth with an adorable photo

Benzinga

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

Key takeaways: • Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer • ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased

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