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Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.
The Indian government has added to its list of Chinese apps that are banned in the country because of cybersecurity concerns.
The Nordics’ FinTech scene is buzzing with potential, which was evident by the trailblazing companies recently attending Sthlm Fintech Week. The Stockholm event was full...
Alibaba-backed MYbank, a Chinese online bank backed by Alibaba, is set to share its risk management & AI data with financial institutions In China.
Blockchain-based B2B trading platform ModulTrade has formed a strategic partnership with Alibaba’s investment vehicle Yangting Internet Technology.
Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay.
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Alibaba’s FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.