by Amruth Sundarkumar | Jun 4, 2021 | China, Investment Grade Bonds
Alibaba’s Ant Group has got the much required approval from Chinese regulators to operate a new consumer finance company. The approval is an important step to restructure the business in line with regulations. A new licenced unit, Chongqing Ant Consumer Finance...
by bondevalue | May 14, 2021 | China, Investment Grade Bonds
Chinese multinational technology company Alibaba Group Holding Limited posted a loss from operations of CNY 7.66bn ($1.17bn) after it was fined CNY 18.23bn ($2.82bn) by China’s State Administration for Market Regulation pursuant to the nation’s...
by bondevalue | Apr 12, 2021 | China, Investment Grade Bonds
Chinese regulators fined Alibaba a record $2.8bn on anti-monopolistic practices. As per regulators, Alibaba restricted competition by not allowing sellers use other platforms. Alibaba accepted the fine and said it was unaware of any other probes by the regulator. Some...
