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Ant Financial executive chairman Lucy Peng steps down to focus on Lazada

AntFinancialexecutivechairmanLucyPengissteppingdownfromherpositiontofocusonAlibabaGroup'se-commerceeffortsinSoutheastAsia.EricJing,chiefexecutiveoftheAlibabaaff

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U.S. blocks MoneyGram sale to China's Ant Financial

Afterroughlyayearofworkingoutadeal,China’smobilepayleaderAntFinancialultimatelyfailedtoacquireUSmoneytransferfirmMoneyGramduetoanobjectionfromtheUSgovernment,th

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US government rejects Ant Financial’s acquisition of MoneyGram

Afterroughlyayearofworkingoutadeal,China’smobilepayleaderAntFinancialultimatelyfailedtoacquireUSmoneytransferfirmMoneyGramduetoanobjectionfromtheUSgovernment,th

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Alipay's hackathon endorses mini-app developers

‍Onceconsideredgeeky,intoday'sworld,developersaretreasured,especiallybythetechcompanieslookingtohirethebrightestdeveloperminds.A36-hourhackathon,theAntTechnolog

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Ant Financial to try again for U.S. approval of MoneyGram deal: source

ChinesepaymentscompanyAntFinancialisplanningtoresubmititsapplicationforU.S.reviewofitsdealtobuyMoneyGramInternationalInc(MGI.O)for$1.2billion,asourcefamiliarwit

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China: Preventing financial risks vital to economy

AttheNationalFinancialWorkConferencelastmonth,PresidentXiJinpingemphasizedtheneedtopreventsystemicfinancialrisks,becausefinanceisthecorecompetitivenessofacountr

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Wanda financial arm sells stake to China Unionpay

DalianWandaGroupbegantosellastakeinitsfinancialarmtoChinaUnionpay,afteritsold91percentequityof13tourismprojectstoSunacChinafor43.84billionyuanlastmonth,TheEcono

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Credit score by Alibaba applicable for visa applications to Japan

‍Sesame Credit, a credibility scoring system used on Alibaba's Ant Financial platforms, could be used as supporting documents for visa applications to Japan and Luxembourg, the People's Daily reported on Thursday, citing the company's announcement.

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Credit score by Alibaba applicable for visa applications to Japan

‍SesameCredit,acredibilityscoringsystemusedonAlibaba'sAntFinancialplatforms,couldbeusedassupportingdocumentsforvisaapplicationstoJapanandLuxembourg,thePeople'sD

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Financial watchdog probes unusual bank loans in Choi scandal

​South Korea's financial authorities are looking into whether a local bank has extended illicit or preferential loans to President Park Geun-hye's friend at the heart of a massive influence-peddling scandal and her daughter, officials said Monday.

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Alipay operator Ant Financial Services snaps up US biometric security firm EyeVerify

Alibaba Group affiliate Ant Financial Services, operator of Alipay, is looking to expand its operations in the United States with the purchase of biometric security technology company EyeVerify.

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Jack Ma's Ant Financial plans to buy 20pc stake in Ascend Money

Alibaba Group’s financial affiliate is planning to purchase a 20 per cent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia.

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Jack Ma's PayPal Rival just closed the single largest funding round for a tech company, EVER​

Ant Financial, which owns payments processor Alipay, is now valued at Uber-like levels.

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Alibaba affiliate Ant Financial raises $4.5 billion in largest private tech funding round

Ant Financial Services Group, the financial-services affiliate of e-commerce giant Alibaba Group Holding, closed the world’s largest private fundraising round for an Internet company at $4.5 billion

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Alibaba's Jack Ma overtakes Wanda's Wang Jianlin as Asia's richest man

Alibaba Group chairman Jack Ma Yun overtook Dalian Wanda’s Wang Jianlin as Asia’s richest man after the e-commerce giant’s financial affiliate raised a record amount in its latest round of fundraising.

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Alibaba affiliate invests in rural-focused bank

​The microfinance arm of e-commerce giant Alibaba Group has become the latest big-name investor in Postal Savings Bank of China (PSBC), a commercial bank chasing an IPO.

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ASEAN financial inclusion conference recommends regional commitment

​The two-day ASEAN Financial Inclusion Conference produced a set of recommendations on realization of objectives to accelerate financial inclusion in Southeast Asia, said a statement of the conference available here Friday.