HSBC and Ant Group test tokenized deposits under HKMA sandbox
During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners. Go to Source
Jack Ma
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Jack Ma surrenders control of fintech giant Ant Group
After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes. Go to Source Powered by WPeMatico
Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process is complete, no single shareholder will have control over Ant … Read more
Alibaba launches NFT marketplace for copyright trading
Alibaba has launched a new marketplace allowing trademark holders to sell NFT representing licenses to their copyright. Go to Source Powered by WPeMatico
Ant Group highlights private sector’s role in developing digital yuan
Major tech and commerce firms have been instrumental in helping China’s central bank develop the digital yuan. Go to Source Powered by WPeMatico
China’s CBDC is about domestic dominance, not beating the dollar
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn’t hold up if you look at the facts on the ground. Go to Source Powered by WPeMatico
Ant-backed MYbank to help China expand digital yuan trial
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. Go to Source Powered by WPeMatico
Law Decoded: New dawn or bad moon rising for trust-busting in tech, Jan. 29–Feb. 5
Lawmakers are prepping new tools to pursue tech firms accused of anti-competitive business practices. Go to Source Powered by WPeMatico
Report: Ant Group to overhaul structure per agreement with China authorities
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. Go to Source Powered by WPeMatico
Jack Ma resurfaces in new video after an almost 3-month ‘disappearance’
A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative event on January 20.” Go to Source Powered by WPeMatico
