Tuesday, December 1, 2020
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US considers blacklisting Jack Ma’s Ant Group in latest round of trade war with China – report

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Political attacks on Huawei show US & Britain want to erect digital iron wall all over the world, economist tells Boom Bust

Ant is China’s dominant mobile payment company, offering loans, payments, insurance and asset management services via mobile apps. It is 33 percent owned by Alibaba and controlled by Alibaba founder Jack Ma.

Like Tencent’s WeChat platform, Ant’s Alipay is used primarily by Chinese citizens with accounts in renminbi currency. Most of its US interactions are with merchants accepting payment from Chinese travelers and businesses in the country.

For more stories on economy & finance visit RT’s business section

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