Ant Group

Ant Group’s Planned IPO Could Raise A Record $35B
Ant Group’s Planned IPO Could Raise A Record $35B
September 21, 2020  |  IPO

Ant Group, the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes...

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Chinese Consumers Slow To Adopt Pay By Face
Chinese Consumers Slow To Adopt Pay By Face
September 20, 2020  |  Biometrics

Ant Group, one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made...

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Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment In Grab
Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment...
September 14, 2020  |  News

In today’s top news in payments from around the world, Oracle Corp. has said that it was chosen to be ByteDance’s “trusted technology provider” that...

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New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As Financial Holding Company
New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As...
September 13, 2020  |  Regulation

New Chinese finance rules will force the Jack Ma-backed Ant Group to comply with regulations to back up any payments, lending or other finances with...

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China Tightens Financial Regulations In Advance Of Ant IPO
China Tightens Financial Regulations In Advance Of Ant IPO
September 03, 2020  |  Regulation

Days after one of the world’s highest-valued FinTech conglomerates filed to go public, Chinese regulators are increasing scrutiny of non-bank financial companies. Last week, Ant...

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Ant Group Files For IPO, Reports $3B In Half-Year Profits
Ant Group Files For IPO, Reports $3B In Half-Year Profits
August 25, 2020  |  IPO

Ant Group has filed for an initial public offering (IPO) of stock that could be the largest in history. The company’s filing with the Hong...

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Ant Group Seeks $225B Valuation Ahead Of Planned Dual Listing
Ant Group Seeks $225B Valuation Ahead Of Planned Dual Listing
August 21, 2020  |  IPO

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to...

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Ant Group Posts Profits Of $1.3B In Advance Of IPO
Ant Group Posts Profits Of $1.3B In Advance Of IPO
August 20, 2020  |  IPO

Ant Group, the Chinese FinTech, reported profits of 9.2 billion yuan ($1.3 billion) in the first fiscal year quarter, Bloomberg News reported. That’s up 560 percent...

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Ant Group Looks To Create Consumer Finance Platform
Ant Group Looks To Create Consumer Finance Platform
August 18, 2020  |  International

China’s Ant Group reportedly plans to create a new consumer finance company which would allow the firm to cement its base in the country’s online...

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