Alibaba Ant Group Bank Bank of China Beijing China Chinese Currency Electronics Finance Fintech Hangzhou Investment IPO Joint Venture Online Payment Online Shopping Renminbi Smartphone stock market Technology Tencent tourism Xiaomi Yuan
China's reserve bank confirmed on Friday (November 26, 2021) that it had accepted the application to launch a personal credit-scoring joint venture that is reportedly being backed by Alibaba's ( NYSE: BABA ) Fintech division Ant Group and various other companies. Qiantang Credit Rating Co Ltd will now become the third personal credit scoring company established in China if/when it is officially cleared by regulatory authorities. As reported by Reuters, the business entity will be officially registered in Hangzhou, Zhejiang province. It will have 1 billion yuan (appr. $156.50 million) in capital, the People's Bank of China (PBoC) revealed. The…
News Timeline:
Track the development of related news across the Internet.
October 20, 2025
10:04
Source: ChinaRetailNews.com
October 19, 2025
20:30
Source: ChinaRetailNews.com
October 15, 2025
20:10
Source: ChinaMoneyNetwork.com
October 11, 2025
23:40
Source: ChinaMoneyNetwork.com
September 23, 2025
17:42
Source: syracuse.com
May 7, 2025
08:18
Source: devdiscourse.com
March 8, 2025
23:02
Source: techradar.com
February 20, 2025
19:25
Source: theglobeandmail.com