Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog

CCTV documentary alleged private companies made “unreasonably high payments” to the brother of former CCP head in Hangzhou in return for policy incentives and support in buying real estate

Chongqing Ant Consumer Finance is already under pressure from Beijing to absorb the group’s two micro-loan businesses Jiebei and Huabei

Xianghubao will cease operating on January 28 next year, according to a notice Ant Group sent to users on Tuesday, amid Beijing’s ongoing regulatory crackdown

The consumer finance unit of China's Ant Group will introduce four new strategic investors and boost the company's capital to $4.7 billion, an exchange filing released on Friday said

Warburg, which was a big investor in Ant's 2018 private fundraising, reportedly lowered the company's valuation to $191 billion at end-September from the $224 billion at end-June

Paytm's offering will open on November 8 and see top investor Ant Financial sell shares worth about $630 million or nearly half the offer for sale component

Chinese billionaire has kept a low profile since giving a speech in Shanghai last year criticising financial regulators. Ant was forced to drop its IPO and has undergone a major rejig.

Governor Yi Gang says nation won’t relent in crackdown that’s already snared Alibaba unit Ant Financial

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

Beijing’s administrators have long felt frustrated by capitalist excesses as the communist state sought to tread a delicate path between prosperity and fairness – but this year their patience snapped and the lawmakers made their move

Ant and state firms in Zhejiang province plan to set up a credit-scoring firm to handle the group's data on over 1 billion consumers. The new venture could help revive Ant's suspended IPO