Ant Financial to be listed on China’s Mainboard…

Rhea Liu Shen Guojun, Chairman of Yintai Group, announced to the public on Tuesday that Ant Financial will go public on China’s mainboard from next year. Shen is known as a close friend of Alibaba’s…

Tencent restructures its financial services

Jing Gao Chinese Internet giant, Tencent, announced Friday that it will combine its disparate payment, financial and credit properties, currently dispersed across Tencent’s diverse businesses, into an independent business unit under its Corporate Development Group,…