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...

[NEW YORK] Venture capital-backed financial technology (fintech) companies raised a record US$39.57 billion from investors globally in 2018, up 120 per cent from the previous year, according to...

[HONG KONG] China's online lenders have found an unlikely lifeline. Investors are fleeing the country's US$200 billion peer-to-peer (P2P) lending sector as regulators crack down. The funding...

[HONG KONG] Chinese ride-hailing giant Didi Chuxing and Alibaba's Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to US$2 billion...

TEMASEK REVIEW 2018

TEMASEK has been increasing its investments in several early-stage companies in agribusiness, healthcare and digital media, as it recognises that technological advances, demographic shifts and...

[HONG KONG] A venture owned partly by China fintech firm Ant Financial launched on Monday a blockchain-powered cash remittance service between Hong Kong and the Philippines, an initiative the...