Business

Ant Group fiasco reflects battle for China's financial soul

China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.

Business

China's Huawei says 2021 sales down, profit up

Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei's chief financial officer said Monday the telecom equipment giant may be emerging from a "black ...

Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

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