Ant Group creates new blockchain-based technology unit
Chinese giant Ant Group has unveiled AntChain, a new technology brand for the financial firm's blockchain platform that also aggregates other digital technologies including AI, Internet of Things (IoT) and secure computation.
Chinese Tech Giants Ant Group, Tencent, JD.com Sign NFT ‘Self-Regulation’ Convention
Major Chinese tech giants Ant Group, Tencent, and JD.com signed a “self-regulation” convention on NFTs with state organizations Sunday. Some suggest they are likely working to appease regulators amid an ongoing crypto crackdown in the country. “The Hash” squad discusses the latest attempts by Chinese firms to distance their products from the crypto markets.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Ant Group Confirms It Is Helping China With the Digital Yuan | First Mover – CoinDesk TV
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Jack Ma’s Ant Group confirmed that it has been working on the digital yuan project with China’s central bank since at least last year, providing the People’s Bank of China access to its database technology and payment tools. Nik De breaks it down. Plus, the House passes the first major crypto-specific legislation aimed at breaking down barriers to innovation.
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Alibaba surges as Ant Group’s fundraising plan receives approval
CNBC’s Deirdre Bosa joins CNBC’s ‘Squawk on the Street’ to report on Alibaba as the company’s stock is surging following the news of Beijing approving an expanded capital plan from Ant Group.
A Closer Look at Ant Group’s Micro-loans
Ant Group is one of the biggest private companies in the world. And it was about to go public in a dazzling, record-setting debut. Until it couldn’t. And then suddenly things went very wrong very fast.
There have been a lot of news that the Ant IPO would be delayed for over a year, which goes to say a whole lot about the level of reforms that the government thinks the company needs.
The key regulation has to do with Ant’s super-profitable micro-lending platform. The way it is set up right now, it mints money. China is about to chop it down to size.
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