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Tencent, ByteDance and 11 others summoned as Beijing extends pressure beyond Jack Ma’s Ant Group
Plus: Revolut pushes into India, Lendify’s “quick-fire” sale and Wirecard’s bags of cash
The billionaire and his businesses may have been too freewheeling for Beijing’s tastes
Beijing wants to create state-run repository to manage fintech’s most valuable asset
Fintech group pushes users to move savings to other managers as pressure intensifies
Alibaba appears to escape tough punishment while Ant Group faces more severe measures
Regulators summon 34 online companies after imposing record fine on Alibaba
Microsoft buys Nuance; Darktrace, Trustly to IPO; groceries in a Jiffy
Lending services could be severely weakened by loosening ties to Alipay payment platform
Chinese authorities pressure business school in latest move to rein in tech billionaire’s influence
European leaders clash over vaccine distribution at a marathon virtual summit
Chinese fintech boosts commissions to offset Beijing’s crackdown on lending business
Jack Ma’s jet trails, post-Covid cities, Oppo’s billion-colour phone
Chinese fintech group cites ‘personal reasons’ for Simon Hu’s departure and appoints Eric Jing as successor
Alibaba founder appears to be freely moving around China despite troubles with Beijing
Partnership between top drugmakers to provide Covid-19 vaccines for every adult American by May
Fintech will have to rely on state-owned behemoths under online lending reforms
Central bank frustrated with drip feed of user information in crackdown following pulled $37bn IPO
The Communist party system needs entrepreneurs but curtails anyone who becomes too powerful
Tech platforms will be forced to provide capital for 30% of the loans they offer in partnership with banks
High-interest lenders fill market vacated by fintech group, increasing fears of rising defaults
Jack Ma’s payments group will put all its businesses inside financial holding company
Chinese regulator Guo Shuqing gains influence as he leads campaign against Ant group
Jack Ma’s disappearance tells us a lot about the nature of China’s brand of capitalism. It also speaks to just how political a weapon currency is, the world over.
Biometric security firm EyeVerify ‘targeted’ as Chinese fintech raises capital after halted IPO
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