Chinese tech giants pause stablecoin plans in HK after Beijing steps in

FILE PHOTO: A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo

Chandni Shah

19 October, 2025

Ant Group JD.com

Printed by Unregistered user on Sun, 07 Dec 2025 15:08:15 GMT

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Chinese tech giants pause stablecoin plans in HK after Beijing steps in

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Chinese tech giants pause stablecoin plans in HK after Beijing steps in

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You may also like

Singapore debuts stablecoin XSGD; backfoots Hong Kong

OKX Singapore launches stablecoin payments at local GrabPay merchants

Read more from Greater China

Alibaba to retire Ele.me brand amid instant-retail push

HongShan aims for $2.9b sale of Golden Goose to Permira by Christmas: report