Bloomberg Alipay, China’s leading internet payments platform, will enforce a cap of 24 percent on interest rates charged by lenders on its site as Chinese authorities are said to be preparing to crack down on so-called online microlenders. The platform, part of the Ant Financial business controlled by billionaire Jack Ma, said in an emailed statement that it recently discovered ...

Bloomberg China is making another attempt at keeping Shanghai at the cutting edge of economic reforms after its latest try in 2013 floundered. The State Council, the nation’s cabinet, will soon unveil plans for a “free-trade port” in the world’s biggest shipping hub, according to Chen Bo, an adviser on the proposal who researches free trade zones at the Huazhong ...

Bloomberg Masami Takahashi, president of Uber Technologies Inc. in Japan, is leaving the ride-hailing company to join WeWork Cos. in the country, people with knowledge of the matter said. Takahashi will join the co-working space provider as it prepares to start operations in Japan, the people said, asking to not be identified because the details are private. SoftBank Group Corp. ...