The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most of his voting rights

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

Republican-sponsored bill would ban US app stores from supporting apps that enable payment with China's digital yuan.

Regulators want Ant's two lenders to operate via a different app, and loan applications to be assessed first by a new firm run by Ant and state entities that will decide on users' credit ratings

Factory gate inflation in the US soared to over 8% in August while China’s continuing regulatory crackdown saw market heavyweight Alibaba plunge more than 4% after officials ordered sweeping changes to payment app Alipay

Alipay and WeChat Pay could ‘fade like yesterday’s flowers’ as the Chinese government rolls out its CBDC payments infrastructure for...

President Joe Biden has also withdrawn Trump-era executive orders that looked to ban new downloads of the Tencent-owned apps and ordered a review of alleged security concerns posed by them

(ATF) Chinese people have been more sceptical about products on Alipay since Ant Group’s IPO was...

(ATF) China has banned micro-lending firms such as Jack Ma’s Ant Group from granting consumer loans to...

(ATF) China’s central bank unveiled draft rules for online payment firms on Wednesday that say companies that...

(ATF) PayPal, which recently took full control of Chinese payment service provider Guofubao Information Technology Co Ltd...

(ATF) A Chinese law professor has filed an appeal after winning a facial recognition case against a...