“Ant and the regulators are probably going back and forth behind the scenes to fix its business,” said Richard Turrin, a financial-technology industry consultant. He added that the company won’t be able to get back to its IPO agenda until its new business structure is cleared by the authorities, …
Fintech
Alipay and WeChat Pay Bans a Political Minefield
Trump’s Alipay and WeChat Pay ban is nothing more than a political maneuver to claim “Biden is soft on China” when the executive order is revoked. Cynical and sad but that’s the way it is. What is important to note is that there are no specific allegations of data breaches by any of these …
WSJ Quote: “The recent Alibaba selloff may have more to do with overreaction based on fear, rather than a rational revaluation of Ant and Alibaba.”
Always nice to get picked up by the Wall Street Journal Richard Turrin, a financial-technology industry consultant, said the recent Alibaba selloff may have more to do with overreaction based on fear, rather than a rational revaluation of Ant and Alibaba. “Whenever China …
The 9 Best Insights From The Braintrust 2020
Honored to be in such great company in the Unifimoney best insights from 2020 Among friends: Bradley Leimer Theodora Lau Ron Shevlin Lex Sokolin And new friends. My contribution was an observation of why China's fintech market looks so different: Full article …
CGTN Goldman Sachs Buys 100% of China Securities arm.
#GoldmanSach's 100% buy-out of their China securities arm is a strong vote of confidence in China and in the growth of Chinese companies. It is just part of a modern-day gold rush of foreign firms buying into China's securities markets. My take on what this means with CGTN's thoughtful Hannah …
Quotes in SCMP: “Eric Jing is committing to greater transparency with both the regulators and banks.”This is not to say that Ant will stop being innovative,”
Ant Group’s chairman Eric Jing breaks silence after halt in largest global IPO with a corporate ‘check-up’ and rehabilitation plan Ant has conducted a comprehensive self-review, akin to a ‘body check-up’ Ant Group’s Eric Jing promises to align business with national development priorities …
Regulators want Ant to have more “Skin in the Game”
China's regulators are still bleeding from P2P loan losses and halted AntGroup's IPO because they simply couldn't believe that: "This time will be different. " What do credit bubbles share in common between East and West? Both the P2P crisis in China and the Mortgage-Backed Securities …
Live at the In.clusion Conference: Ant Group disrupting financing for SME’s
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Featured in SCMP: “The PBOC has everything to lose if it rushes and everything to gain by doing it properly,” said Turrin.
What will China’s digital yuan mean for Alipay and WeChat Pay? Alison Tudor-Ackroyd 10-13 minutes China’s e-payments ecosystem is set to step up a level of sophistication as the coronavirus pandemic and deteriorating US-China relations hasten Beijing’s plans for a digital fiat …
‘U.S. targeting of Chinese tech firms a dangerous election-year stunt’
The U.S. offensive against Chinese tech companies and apps in recent months is a "dangerous election-year stunt" which will have far-reaching consequences even for American big tech companies, according to a veteran American innovation expert and author who is keenly following the ongoing tech …
Alipay’s parent company becomes world’s biggest IPO
Ant Group, the parent company of China's mobile payment giant Alipay, now has the world's biggest Initial Public Offering (IPO), after releasing details for its IPO on Monday Watch Rich Turrin Interview on CGTN Shanghai …
Quotes in S&P Global Market Intelligence: Digital yuan poses threat to Alipay-WeChat online payments duopoly
Digital yuan poses threat to Alipay-WeChat online payments duopoly Original article here: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/digital-yuan-poses-threat-to-alipay-wechat-online-payments-duopoly-60459079 China's plan for a centralized digital …
China’s Digital Currency Revolution