China’s central bank, the People’s Bank of China (PBOC), has fined Ant Group, an affiliate of Alibaba, 7.12 billion yuan ($985 million), CNBC reports.
The fine marks the conclusion of the long scrutiny and restructuring process of Ant Group after its IPO was canceled by Chinese regulators in 2020.
Ant Group has since transformed into a financial holding company under the supervision of the PBOC.
Alibaba owns approximately 33% of Ant Group, and both companies were founded by Chinese billionaire Jack Ma.
✦ For More TLDR News Please Visit ✦
https://astronitro.com/
✦ Subscribe for Daily TLDR News! ✦
#TLDR #China #JackMa #AntGroup #Alibaba #AlibabaGroup #AliExpress #AliPay #Taobao #TMall #Cainiao #Ecommerce #Business #Tech #Technology #OnlineShopping #Amazon #Ebay
The fine marks the conclusion of the long scrutiny and restructuring process of Ant Group after its IPO was canceled by Chinese regulators in 2020.
Ant Group has since transformed into a financial holding company under the supervision of the PBOC.
Alibaba owns approximately 33% of Ant Group, and both companies were founded by Chinese billionaire Jack Ma.
✦ For More TLDR News Please Visit ✦
https://astronitro.com/
✦ Subscribe for Daily TLDR News! ✦
#TLDR #China #JackMa #AntGroup #Alibaba #AlibabaGroup #AliExpress #AliPay #Taobao #TMall #Cainiao #Ecommerce #Business #Tech #Technology #OnlineShopping #Amazon #Ebay
- Catégories
- E commerce Divers
Ajouter un commentaire
Up Next
Autoplay
-
13:06
Why Ant Group IPO is Suspended? | Alibaba | Jack Ma | Stock | Economy | China State-Owned
-
01:38
Alibaba affiliate Ant Group to see $1.1 billion fine: Report
-
04:15
Alibaba stock tumbles after China denies Ant Group IPO revival
-
04:06
Alibaba stock soars as China ends tech crackdown with Ant Group fine
-
06:33
China Nationalizing Alibaba and Ant Group. Founder, Jack Ma is missing…
-
1:30:45
ML ACADÉMIE FORMATION E-COMMERCE EN LIGNE, ENTREPRENDRE, GESTION PAGE, FRELENCE & COACHING WEBINAIRE
-
01:06
DESACTIVER Facebook RENCONTRE, comment mettre en pause son profil ou un compte Facebook Dating
-
18:53
Un Business Ultra Rentable à Lancer en Afrique : Gagne 1 750 000 FCFA Par Mois
-
04:35
Guadagna con l'affiliazione Agrieuro
-
09:14
MLM/LA PROSPECTION TRADITIONNELLE M'A RUINE ET ET EPUISE DANS MON MLM
Chargement...
Commentaires