Grab’s $34 Billion Plan to Go Public Puts Southeast Asia Tech on the Map - The ride-hailing giant will this week unveil a listing via a U.S. blank-check company that values it at more than $34 billion, sources say, with Indonesia’s Traveloka to follow
BEIJING (Reuters) - Ant Group, the fintech affiliate of Alibaba Group Holding Ltd, will restructure as a financial holding company, China s central bank said on Monday, Ant has formed a comprehensive and feasible restructuring plan, at the urging of financial regulators, the People s Bank of China (PBOC) said.
Under terms of the agreement with the central bank, Ant will cut improper linkage between payments service AliPay, virtual credit card product Jiebei and consumer loan product Huabei, the PBOC said.
The central bank also asked Ant to break its monopoly on information and strictly comply with the requirements of credit information business regulation.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/stocks-off-record-highs/"></div>LONDON (Reuters) -Global stock markets slid off record highs on Monday as investors waited to see whether U.S. earnings would justify sky-high valuations, while a rally in bonds could be tested by what should be strong readings for U.S. inflation and retail sales this week. MSCI’s All Country World Index, which tracks stocks across 49 […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/stocks-off-record-highs/"></div><! AddThi