WSJ “Ant Group does not cooperate with 1 billion customer information requests”
Authorities push for mandatory provision… In’Mar-win’s disappearance’, it is “to avoid paying attention”
The Wall Street Journal (WSJ) reported on the 5th (local time) that Chinese regulators are pushing ahead with plans to allow Ant Group, a fintech company affiliated with Alibaba Group, to share consumer information accumulated so far. U.S. President Donald Trump, who has remained in office for five months, has banned Ant Group’s payment service Alipay from trading in the United States.
According to the WSJ, the Chinese government is considering making it mandatory to provide Ant Group data to the nationwide credit information system operated by the People’s Bank, or to share Ant Group information with credit rating companies that the People’s Bank actually controls. .
Ant Group has built its own credit rating system by using the consumption tendency of its parent company Alibaba customers and Alipay payment information used by 1 billion people. Using this credit information, it is generating enormous profits by conducting financial businesses such as microloans, insurance, and asset management. It is the judgment of the Chinese financial authorities that they are enjoying an undue superior position in competition with other business operators.
China is establishing a’social credit system’, which is a government-wide rating system for companies and individuals. The Antgroup has angered authorities for not providing personal credit information to the system, WSJ said.
Ma Yun, the founder of Alibaba and the majority shareholder of Ant Group, publicly criticized the Chinese government’s financial policy last year. Hidden. Amid many speculations, the US economic media CNBC cited a source and reported that “Marwin is not missing and is intentionally trying not to draw attention.” He is reportedly based in Hangzhou, China, where Alibaba headquarters is located.
President Trump signed an executive order banning the transactions of eight apps developed by Chinese companies and American and American companies. The targets for sanctions are Alipay, QQ Wallet, Tencent QQ, and WeChat Pay, which are widely used in everyday life. The Department of Commerce is expected to take action 20 days before he leaves office.
Beijing = correspondent Kang Hyun-woo [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution