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Alibaba Small and Micro Financial Services Group

The People’s Bank of China (PBOC) Opens Commercial Market for Consumer Credit Reporting

Powerhouses such as Tencent Holdings, Alibaba Group Holding and Ping An Group to enter consumer credit reporting as well as several others.  While the big three may qualify for individual licenses it is being said that they may cooperate in creating on single credit bureau. Following the introduction credit reporting regulations in 2013 speculations run high as to when and ... Read More »

Alibaba Restructures Alipay

Alibaba’s online payment unit of the Alibaba Group Ltd will be restructured to attract new strategic investors, in a move that will reduce the shareholding of Alibaba’s founder Jack Ma in Alipay. Zhejiang Alibaba E-Commerce Co Ltd will be restructured as a new company in which 60 percent of its shares will be offered to new strategic investors. Ma will ... Read More »