Sentences with phrase «as ant financial»

Although cash remains the payment of choice in the region, China's giant financial technology firms, such as Ant Financial, the payments affiliate of billionaire Jack Ma's Alibaba Group have moved quickly to develop their business in Southeast Asia.

Not exact matches

The MoneyGram - Ant Financial deal collapsed as tensions have grown over who will control the technologies of the future.

The effort by Ant Financial, the payments affiliate of the internet giant Alibaba, was seen as a test of the Trump administration's political and regulatory approach to China.

The deal between Ant Financial, the payments affiliate of Alibaba, and MoneyGram was seen as a test of the Trump administration's political and regulatory approach to China.

Take Ant Financial, the payment affiliate of Alibaba, as one example.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Ant Financial Services Group, the Chinese fintech giant, is planning a funding round that could fetch a valuation similar to the world's biggest and oldest banks: The digital payment company is raising as much as $ 5 billion in equity that may value it at more than $ 100 billion, according to Reuters.

Simpson Thacher & Bartlett Hong Kong corporate partner Leiming Chen is leaving to join longstanding client Alibaba Holdings's affiliate company Ant Financial Services Group as general counsel.

At the working group's inaugural meeting, Ant Financial's chief architect, Tong Ling, told the group that what's good for business and the Chinese economy can also serve as a public service and improve China's standard of living, but there needs to be room for business to innovate without undue restriction.

Fortunately, TheKey lists Ant Financial, the financial wing of Alibaba that is also involved in the abovementioned social credit system, as one of its Financial, the financial wing of Alibaba that is also involved in the abovementioned social credit system, as one of its financial wing of Alibaba that is also involved in the abovementioned social credit system, as one of its partners.

The exchange website lists Michael Gan, a former employee of Chinese conglomerate Ant Financial, as the CEO.

For those who don't know, Ant Financial is a spin off company of Alibaba, which is often referred to as the Amazon.com of China.

Such companies as Wanxiang Blockchain Labs, Ant Financial, Webank, Universal Holdings, Ping An Insurance and Micro Focus Bank are among the participants.

However, they had already built up strong reputations at industry giants, such as iBOX PAY, GF Securities, Jianbang Communication, Ant Financial, and Youling.

It is founded and backed by a group of blockchain industry leaders such as GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY.

Alibaba has already begun looking into a range of blockchain - related operations, including a charity donation pilot as part of its Ant Financial (formerly Alipay) operations and an international fake food - busting initiative.

After having served as founding Director of Blockchain Platform for Ant Financial (Alibaba's financial affiliate), Googles in Search & Anti-Fraud team, Hitters Xu is back working on Nebulas as his latest project, an open - source Blockchain project that aspires to lead the next generation of Blockchain teFinancial (Alibaba's financial affiliate), Googles in Search & Anti-Fraud team, Hitters Xu is back working on Nebulas as his latest project, an open - source Blockchain project that aspires to lead the next generation of Blockchain tefinancial affiliate), Googles in Search & Anti-Fraud team, Hitters Xu is back working on Nebulas as his latest project, an open - source Blockchain project that aspires to lead the next generation of Blockchain technology.