SINGAPORE: Chinese e-commerce company Pinduoduo Inc.’s PDD -10.31% Founder and chairman Colin Huang resigned from the company on Wednesday, even as the five-year-old company overtook Alibaba Group Holding. Limited. SLIME 2.08% to …
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A new round of fundraising for Stripe Inc. has made the fintech company one of the most valuable startups in the world. Stripe said on Sunday it raised $ 600 million from …
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Chinese regulators trying to curb Ant Group Co. and a growing online lending industry have one target in their sights: the excessive and debt-fueled lifestyles of the country’s youth. Ahead of last …
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Under founder Jack Ma, Alibaba Group Holding Ltd. had local regulators and officials in its corner as it became a Chinese version of Amazon.com Inc.Chinese President Xi Jinping’s recent crackdown on the …
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Facing discontent among employees, the Ant Group Co. chief executive said the Chinese fintech giant would eventually go public and the company would seek ways to help workers monetize some of their …
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When China’s leader Xi Jinping canceled Ant Group’s initial public offering late last year, his motives seemed clear: He was concerned that Ant was adding risk to the financial system and was …
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