Ant Group

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Art by Mike Sullivan.
AI Agenda

China’s AI Giveaway War

By Juro Osawa · Feb 17, 2026 7:05am PST
U.S. AI firms such as OpenAI and Anthropic haven’t yet turned a profit but they’re trying to get on the path to doing so. In China, the big tech firms behind AI chatbots are fighting a different battle.Chinese tech firms are competing so intensely to draw people to use their AI chatbots that they’re spending this week’s Lunar New Year holidays... U.S. AI firms such as OpenAI and Anthropic haven’t yet turned a profit but they’re trying to get...
Thomas Lee, chairman of BitMine and CIO of Fundstrat, speaks on stage during the Consensus Hong Kong at Hong Kong Convention and Exhibition Center on February 11, 2026 in Hong Kong, China. Photo by Anthony Kwan/Getty
Reporter's Notebook

Downbeat Crypto Sector Looks to AI for Rescue

By Yueqi Yang · Feb 12, 2026 8:17am PST · 1 comment
Crypto’s market crash has prompted much soul-searching within the industry, I learned at this week’s annual crypto Consensus conference in Hong Kong. The answer: To stay relevant, the industry must tie its fate with the AI boom. I find the crypto industry’s hopes for an AI rescue somewhat ironic, given that AI has siphoned capital and talent... Crypto’s market crash has prompted much soul-searching within the industry, I learned at this...
Art by Mike Sullivan
The Information Finance

How Chinese Fintech Giant Ant Uses AI to Help Banks Hedge Currency Risks

By Jing Yang · Feb 11, 2026 8:00am PST
Will AI make investment bankers and traders irrelevant? That's one of the most talked-about questions in finance these days.In reality, banks are already feeling the impact of AI on their behind-the-scenes plumbing, where payments, cash management, treasury and foreign exchange operations are embracing AI models to cut costs in these notoriously... Will AI make investment bankers and traders irrelevant? That's one of the most talked-about...
Ant Group's office building in Nanjing, China. Photo by Getty.
Exclusive

Ant Group Will Cut Foreign Investors Out of Fast-Growing Database Business

By Jing Yang · Aug 22, 2023 6:00am PDT · 1 comment
When international investors such as General Atlantic and the Carlyle Group invested in Chinese fintech firm Ant Group in 2018, they likely hoped for a big payoff given its dominance in facilitating payments for both Chinese brick-and-mortar merchants and e-commerce sites such as Alibaba. Those hopes were dashed in 2020, when Chinese authorities... When international investors such as General Atlantic and the Carlyle Group invested in Chinese...