Ant Group

DSC Holdings, a Chinese technology company focused on AI-powered infrastructure for the used-car industry, filed for a Nasdaq listing on Wednesday that could value the company at roughly $901 million. The Ant Group-backed company, also known as DaSouChe, said it will offer 3 million American...

Alibaba Group Holding Ltd's (NYSE:BABA) (NYSE:BABAF) AI breakout isn't just powering an 80% year-to-date rally — it's rewriting one billionaire's P&L in real time. As Qwen stormed past 10 million downloads in its first week, igniting a sharp rerating in China tech, billionaire David Tepper's...

Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) could highlight the growth of its AI products and new initiatives when it reports second-quarter financial results on Tuesday before the market opens. Here are the earnings estimates, what analysts are saying and key items to watch....

Ant Group, the Chinese fintech powerhouse backed by Jack Ma, is reportedly planning to integrate Circle's USDC (CRYPTO: USDC) stablecoin into its global blockchain platform. Quoting people familiar with the matter, Bloomberg reported on Thursday that the move is contingent on USDC achieving full...

Chinese fintech giant Ant Group disclosed on Monday that it invested a record 23.45 billion yuan ($3.26 billion) in research and development during 2024, marking the fourth consecutive year of increased R&D spending since 2021. What Happened: The Alibaba Group Holding Ltd. (NYSE:BABA) affiliate...

Alibaba Group Holding (NYSE:BABA) co-founder Jack Ma appeared at the company’s campus in Hangzhou, the capital of eastern Zhejiang province, Ma and Alibaba co-founder Joe Tsai are currently the company’s two largest shareholders. Ma resigned as Alibaba’s chairman in 2019 and has...

Alibaba Group Holding (NYSE:BABA) (NYSE:BABAF) stock has largely been out of investor favor for the past year. The stock is down over 20% in the past year, and down 2.7% year-to-date. However, the stock has recently demonstrated momentum as China kicked off its eight-day Spring Festival holiday...

Jack Ma, the founder of Alibaba and Ant Group, has seen his net worth drop to just over $30 billion, a significant decrease from his peak wealth of $61.7 billion. This decline has been particularly sharp in the past week, with Ma losing around $4 billion, Fortune reports. Controversy and...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire Jack Ma ceding control of Ant Group. Ma’s 10% stake in Ant will drop to 6.2% under the proposed plan, according to a report...

Chinese regulators have reportedly cleared a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit. The China Banking and Insurance Regulatory Commission division approved the company’s plan to raise its capital to 18.5 billion yuan...

Ending Jack Ma’s Ant Group‘s two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaire’s fintech company. What Happened: China’s central bank – which has been driving the revamp at Ant after the Xi Jinping-...

Jack Ma-owned mobile payment giant Alipay was removed from a high-tech company list in Shanghai, Bloomberg reported.  What Happened: Alipay.com did not meet the spending requirement for research and development, as per a government notice on Sept. 8, the report, said adding...

Alibaba Group Holdings Ltd.’s (NYSE: BABA) financial affiliate Ant Group has signed a memorandum of understanding (MoU) with Malaysia’s Kenanga Investment Bank Berhad under which Kenanga will leverage mPaaS, a mobile development platform from Ant Group...

Chinese business magnate and co-founder of Alibaba Group Holdings (NYSE: BABA) Jack Ma was reportedly spotted in Europe after largely disappearing from public view for almost two years. What Happened: The 57-year-old Ma was seen in restaurants in Austria, toured a university in the Netherlands to...

The shares of Alibaba Group Holdings (NYSE: BABA) cracked after its financial affiliate Ant Group refuted media reports claiming that Beijing had formed a team to reassess Ant's stalled initial public offering. What Happened: Billionaire Jack Ma-controlled Ant Group in a statement that said...