[JAKARTA] Indonesian e-commerce firm Bukalapak on Friday said South Korea's Shinhan Financial Group joined its latest fundraising round that valued the startup at over US$2.5 billion.

[HONG KONG] Alibaba Group Holding has bought a third of Ant Financial, the online financial services giant controlled by billionaire Jack Ma, five years after proposing a deal to strengthen ties...

[JAKARTA] Online market place PT Bukalapak.com is cutting about 10 per cent of its around 2,500 employees, bucking a trend among Indonesian unicorns that have been stepping up hiring this year....

[HONG KONG] There's a power shift underway in Chinese tech. Startup whizz-kids have plenty to moan about at a Hong Kong get-together this week: fewer venture deals in the mainland, lacklustre...

[NEW YORK] For Citigroup Inc, the future of finance might be happening already in Asia.

TENCENT Holdings Ltd, Ant Financial, Industrial & Commercial Bank of China Ltd and Xiaomi Corp are among companies to win licences to create virtual lenders in Hong Kong, bringing major...

BILLIONAIRE Jack Ma's Ant Financial has done more than perhaps any company to disrupt China's gargantuan banking and asset-management industries. Now it's trying to re-imagine health insurance....

[HONG KONG] Billionaire Jack Ma's Ant Financial has done more than perhaps any company to disrupt China's gargantuan banking and asset-management industries. Now it's trying to re-imagine health...

Historically, traditional banks believed that their captive customers, relatively strong balance sheets, compliance expertise and distribution were high-enough barriers to stop any material impact...

[SHANGHAI] Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks...