The digital innovation India has made so far is here to stay. It needs adoption into commercial application to deepen the financial inclusion net

In taking full control of one of the smaller players in the world's largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay

Jack Ma missing: Reports stated that he has been 'embracing supervision' at an undisclosed location, fuelling speculation that he has been placed under house arrest or has been arrested

Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said

Decision to stop Xiami Music service comes days after Ma's Alibaba group announced to fold its financial operations as Chinese regulators stepped up crackdown on Jack Ma's financial technology empire

The move is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data

Ma's disappearance has fuelled speculations that he is either arrested or placed under house arrest. China has a track record of not revealing information on arrests of big personalities, so under 'supervision' could well mean jail

Tongues started wagging when Jack Ma didn't appear in the final episode, aired in November, of his own talent show, 'Africa's Business Heroes', which gives budding African entrepreneurs an opportunity to compete to win $1.5 million

To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

Divestments would also significantly scale back Ant's influence over the country's fast-growing fintech industry, where it has sought synergies with its existing businesses via several investments in recent years

Known as 'Lone Wolf', Zhong Shanshan has also eclipsed another Chinese giant, Jack Ma of Alibaba. His rise to top in Asia is believed to be \"one of the fastest\" in history as he was little known outside of China until this year

Alibaba co-founder Jack Ma wealth has dwindled to $50.9 billion from a peak of $61.7 billion, making him the 25th richest person in the world, according to the Bloomberg Billionaires Index

Chinese banking sector is ending its worst annual performance in years after putting aside record provisions due to COVID-19 while Beijing urged banks to sacrifice profits to help the economy

The People's Bank of China, the country's central bank, summoned Ant executives on Saturday and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance and wealth management services

A probe has been launched into Alibaba's \"choosing one from two\" practice, the State Administration for Market Regulation (SAMR) said in an online statement

In terms of overall traffic contribution for Paytm First Games Jaipur was at the top with Lucknow and Patna featuring in the top 5 cities. Ludhiana, Panipat, Kanpur, Meerut, Bhubaneshwar, Bardhaman, and Siliguri are in the top 25 cities when it comes to traffic contribution

The unit's former chief operating officer and chief financial officer, R. Venkatesh, disregarded corporate governance processes when dealing with UAP Advisors LLP, according to a June 28 filing in a case where he is challenging his dismissal

Now, the bidders will have an option to either submit a fresh bid or continue with November 17 bid. Additionally, DHFL's creditors have also given the freedom to bid either for a portion of the loan book or for the entire portfolio

Paytm and China's Ant Group have categorically refuted reports of the latter considering a stake sale in the Indian payments startup

Indian start-ups are heavily funded by Chinese investors such as Alibaba and Tencent. Bankers have previously said they were looking to bolster their presence in the country with an aim to grow their revenue outside China.