Closer Look: Regulator Takes Hard Look at Jack Ma-Hundsun Deal
(Beijing) – The securities regulator has been consulting large securities firms and fund companies regarding the proposed acquisition of a leading financial software provider by Jack Ma, the founder and chairman of e-commerce giant Alibaba Group, sources with knowledge of the matter said.
Zhejiang Rongxin Network Technology Co. Ltd., in which Ma holds 99.1 percent of the shares, proposed buying all of Hangzhou Hundsun Technologies Group Co. Ltd. (Hundsun Group).
- Foreign Tech Firms Cast Wary Eye on Proposed Anti-Terror Law
- Market Cave-In
- China's Passport Selfies Service Hits a Snag
- China Unveils System to Insure Depositors If a Bank Fails
- Opportunity Knocks at New Infrastructure Bank
- Capital's Schools to Close When Air Pollution Gets Too Bad
- Slowly, China Prepares to Raise Retirement Age
- Caixin Suing Guo Wengui and Hong Kong Media
- The Euro Currency Pain Will Remain for Chinese Exporters
- Making an Exit
- Sign up to receive our free daily newsletter
- Kissinger: China, U.S. Must 'Lead in Cooperation'
- Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
- Yuan and Gold: Old Enemies Should Finally Become Friends
- Caixin Pledges to Defend Hu Shuli's Reputation
- Reinventing the Bicycle in Beijing
- Saudi Aramco's Supply to China Potentially Doubling
- Confucius and the World He Created
- Who Is Prince Qing?
- Military-Linked Hospital Allows Fake Doctor to Practice
- Ex-Police Chief Held for Murder Said to Be Linked to Graft Case