India on Wednesday banned another 118 Chinese-made apps, including Tencent’s popular video game PlayerUnknown’s Battlegrounds, as border tensions between the two nations continue to escalate.Details: The Indian Ministry of Electronics and Information Technology announced it had decided to...

Alibaba’s fintech affiliate Ant Group filed draft IPO prospectuses for a dual listing on the Shanghai and Hong Kong stock exchanges on Tuesday, the first simultaneous listing for a Chinese tech company. Ant Group is reportedly eyeing a $200 billion valuation, which would make it the...

This week Airbnb announced that it has privately filed to go public, putting the famous unicorn on a path to a quick IPO if it wants. The recent move matches reporting indicating that the home-sharing upstart could yet go public in 2020 despite the collapse of the travel industry. The Exchange...

China Tech Investor is a weekly look at China’s tech companies through the lens of investment. Each week, hosts Elliott Zaagman and James Hull go through their watch list of publicly listed tech companies and also interview experts on issues affecting the macroeconomy and the stock prices of...

China’s Ant Group Co., an Alibaba affiliate, is planning a dual listing in Hong Kong and Shanghai in what could be the biggest initial public offering this year—and a signal that the world’s tech giants are starting to choose sides as the U.S.-China feud bifurcates the global market.Ant,...

China’s first blockchain application platform for electronic company seals went live in Hangzhou on Friday, built using Ant Group’s Blockchain as a Service, the Alibaba-affiliated fintech giant said in a press release.Why it matters: Official company seals are the cornerstone of China’s...

Ant Group, Alibaba’s fintech affiliate, has started the paperwork for concurrent listings on Shanghai’s Nasdaq-style STAR Market and the Hong Kong Stock Exchange, the company announced on Monday.Why it matters: Ant Group is reportedly targeting a $200 billion valuation in one of this...

Ant Group, Alibaba’s fintech affiliate, has started the paperwork for concurrent listings on Shanghai’s Nasdaq-style STAR Market and the Hong Kong Stock Exchange, the company announced on Monday.Why it matters: Ant Group is reportedly targeting a $200 billion valuation in one of this...

The speculation that Alibaba’s fintech affiliate Ant Group will go public has been swirling around for years. New details came to light recently. Reuters reported last week that the fintech giant could float as soon as this year in an initial public offering that values it at $200 billion. As a...

Alibaba has teamed up with Chinese shipping giant COSCO to bring blockchain technology to the shipping industry, the company said on Monday.Why it matters: Blockchain could streamline the complicated logistics involved in maritime transport, including hurdles from multiple regulators, customs...

Alibaba-backed online lender Mybank announced on Tuesday a five-year plan to expand its loan services to more small and micro enterprises.Why it matters: Micro and small businesses—among the hardest hit during the Covid-19 lockdown—play a central role in China’s economy.Small and...

Bytedance’s mega app Tiktok has been removed from Android and Apple app stores in India, its second-largest market, following a Monday ban on 59 Chinese apps on national security concerns. The ban comes two weeks after a border clash with China left 20 Indian soldiers dead. Among those...

Ant Financial Services, operator of Alipay, has announced a strategic partnership with Digital Money Myanmar, which owns and operates mobile financial services platform Wave Money. As part of the deal, Ant Financial will invest US$73.5M in the firm, said a press release. Ant Group’s stake in Wave...

Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was...

The initiatives will focus on helping SMEs regain lost ground   By Sharon Lewis   Superapp Alipay will be rolling out a host of initiatives to support small businesses in Wuhan, with a national rollout planned for later, a statement from the company announced this […] The post Alipay To Launch...

Ant Financial, Alibaba’s fintech arm, has set up a corporate credit rating company for small and micro enterprises. Why it matters: The new venture brings Ant Financial closer to the comprehensive offerings of traditional banks, with the distinct advantage of having access to the Taobao...

Close to 65 per cent of Singaporeans are open to the idea of adopting a digital-only bank, according to the Visa Consumer Payment Attitudes Study. Based on the study, 84 per cent of Singapore respondents indicated that they would be interested in using digital banking services offered by an...

Alipay is looking to attract workers looking for employment to its platform and is offering contactless job fairs that it says so far 60,000 companies have registered for. Why it matters: Alipay is competing with Meituan and WeChat to gain share in China’s lifestyle services market. The Covid-19...