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By Reuters Staff 5 Min Read April 12 (Reuters) - China’s Ant Group, the fintech giant whose $37 billion IPO was derailed by regulators days before it was due to list in November, is to restructure as a financial holding company. The overhaul comes just after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the “platform economy”. The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s public criticism of the country’s regulatory s...

Timeline: Events leading up to China's $2.75 billion fine on Alibaba SECTIONS Last Updated: Apr 10, 2021, 01:17 PM IST Share Synopsis The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of the country's regulatory system in October. Agencies China slapped a record $2.75 billion antitrust fine on Alibaba Group Holding Ltd on Saturday, after regulators determined the e-commerce giant had abused its dominant market position for several years. The Alibaba business empire has come under intense scrutiny in China sin...

By Reuters Staff 5 Min Read (Reuters) - China slapped a record $2.75 billion antitrust fine on Alibaba Group Holding Ltd on Saturday, after regulators determined the e-commerce giant had abused its dominant market position for several years. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song/ The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory syst...

THE STANDARD ASIA Billionaire Jack Ma has had a run-in with the Chinese Government since October 2020. [Courtesy] The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October. Following are key events leading up to the fine on Alibaba. Oct. 21, 2020: Ant Group, Alibaba’s fintech unit wins the final nod from China’s top securities watchdog to register its Shanghai initial public offering (IPO), clearing the last regulatory hurdle for what is shaping up as history’s ...

Key events behind China's investigation into Alibaba Group 12/24/2020 | 04:44am EDT Send by mail : Message : Required fields (Reuters) - China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days, regulators said, in the latest blow for Jack Ma's e-commerce and fintech empire. Here's a timeline of key events leading up to the investigation. SEPT 14 - CHINA ROLLS OUT NEW RULES FOR FINANCIAL HOLDING FIRMS China issues new rules to regulate financial holding companies, with the central bank saying there had...