Billion dollar fine for China's Ant Group
The end of a long investigation in China brings a big fine for Alipay owner Ant Group - and hope that the government's clampdown on the country's tech sector has run its course.
One of China's biggest tech firms, the company that runs the mobile payment service Alipay has been hit with a massive fine of almost a billion dollars. But many believe this could this mark the end of a long government crackdown which led to Ant Group and Alibaba founder Jack Ma stepping down.
Also tonight, Roger Hearing finds out why Ford is retiring its iconic Fiesta brand.
Picture: the Alipay logo at the 2023 World Artificial Intelligence Conference in Shanghai, China, credit CFOTO/Future Publishing via Getty Images
Podcast
-
![]()
World Business Report
The latest business and finance news from around the world, on the 大象传媒
