Ant Financial

GIC joins consortium to acquire Hong Kong insurance company for US$1.7 bil

SINGAPORE (Aug 18): Sovereign wealth fund GIC says it has joined a consortium of Asia-based investors to acquire a Hong Kong-based insurance company, MassMutual Asia, from

Fintech

Jack Ma’s shadow looms large for banks across Southeast Asia

SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd.

China’s Ant Financial buys Singapore-based helloPay in boost to SE Asia plans

BEIJING (April 19): Ant Financial, the payment affiliate of Alibaba Group Holding, has acquired Singapore-based payment service helloPay Group, part of the Chinese firm's drive to boost its Alipay

China Focus

Tencent now China's top company in private economy win

(Sept 5): Tencent Holdings has surpassed China Mobile to become the country's most valuable corporation, underscoring the growing importance of a vibrant private economy over lumbering state-owned

How the fintech landscape is moving away from cold, hard cash

SINGAPORE (Aug 18): Investments in venture capital (VC) backed financial technology (fintech) startups have declined by 49% in 2Q16, on the back of a tougher climate for marketplace lenders as well

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