AWE2024 in Shanghai

AWE2024 in Shanghai

SHANGHAI, CHINA - MARCH 14, 2024 - Visitors visit AIOT (Artificial Intelligence Internet of Things) in the Yunmi Smart Home Appliance exhibition area at the Application & Electronics World Expo (AWE2024) in Shanghai, China, March 14, 2024.

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Alipay Fined 3 Billion Chinese Yuan

Alipay Fined 3 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Alipay at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the evening of July 7, 2023, the People's Bank of China issued an administrative punishment notice, and Alipay (China) Network Technology Co., Ltd. was warned by the central bank for seven illegal acts such as violating the payment account management regulations, confiscating the illegal income of 830.9 million yuan, and fined 2,231 million yuan, a total of 3,069.1 million yuan. Specific illegal acts include violation of payment account management regulations; Violating regulations on liquidation administration; Violating the provisions on matters related to the prevention of new types of illegal crimes in telecommunications networks; Failure to perform customer identific

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Alipay Fined 3 Billion Chinese Yuan

Alipay Fined 3 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Alipay at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the evening of July 7, 2023, the People's Bank of China issued an administrative punishment notice, and Alipay (China) Network Technology Co., Ltd. was warned by the central bank for seven illegal acts such as violating the payment account management regulations, confiscating the illegal income of 830.9 million yuan, and fined 2,231 million yuan, a total of 3,069.1 million yuan. Specific illegal acts include violation of payment account management regulations; Violating regulations on liquidation administration; Violating the provisions on matters related to the prevention of new types of illegal crimes in telecommunications networks; Failure to perform customer identific

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c

Ant Group Fined 7.123 Billion Chinese Yuan

Ant Group Fined 7.123 Billion Chinese Yuan

SHANGHAI, CHINA - JULY 7, 2023 - Ant Group exhibits at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. Display the development achievements of trusted AI base stations, AIGC+ meta-universe, AIoT blockchain and other fields, especially noting the status of Alipay as the official partner of Hangzhou 2022 Asian Games. On the same day, it was reported that Ant Group and its subsidiaries had violated laws and regulations in corporate governance, financial consumer protection, participating in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business, etc., and were fined 7.123 billion yuan by the financial management department, requiring the closure of the illegal "mutual treasure" business. And compensate the interests of consumers in accordance with the law. Ant Group responded to the sincere acceptance and will further consolidate the level of c