Tagged: ant financial

April 27, 2025 @ 5:40 pm By Michael Wong  |  

Ant Bank (Hong Kong), the digital banking arm of Ant International, has received a $100 million capital infusion from its parent company as it seeks to scale up its services and broaden its role in Hong Kong’s digital financial ecosystem. The funding, according to an… Read More

June 6, 2022 @ 9:57 am By JD Alois  |  

Mega-Fintech Ant Group has announced the launch of ANEXT Bank, a digital wholesale bank, in Singapore. Several years back, Singapore commenced the approval of digital-only banking licenses. Ant Group was one of the approved digital banking providers. ANEXT Bank is one of the two successful… Read More

November 4, 2021 @ 3:42 pm By Tony Zerucha  |  

The Government of Singapore, BlackRock Global Funds, and the Canada Pension Plan Investment Board are among the reported 122 institutional investors who have gobbled up more than $1 billion worth of shares in Paytm, which in a few short years has grown into an Indian… Read More

November 8, 2020 @ 11:02 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for a digital banking license in Singapore. This, despite the Fintech giant’s (potential) record… Read More

October 26, 2020 @ 7:53 am By Omar Faridi  |  

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

August 21, 2020 @ 9:19 am By Omar Faridi  |  

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

July 20, 2020 @ 9:05 am By JD Alois  |  

Ant Group (formerly Ant Financial) plans to execute concurrent listing on Shanghai Stock Exchange’s STAR market and The Stock Exchange of Hong Kong, according to a company release. The news of a pending initial public offering (IPO) was previously reported as word of the listing… Read More

July 9, 2020 @ 11:26 am By JD Alois  |  

  Ant Financial, part of the mega-tech group Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong that will value the firm at a massive $200+ billion valuation, according to a report. Earlier this year, the company changed its legal name in… Read More

June 22, 2020 @ 1:38 pm By Samantha Hurst  |  

Ant Financial Services Group, the owner and operator of Alipay, has dropped the “Financial” part of its name and is set to rebrand to Ant Technology Group, according to the Wall Street Journal. Founded in 2014 by billionaire Jack Ma, Ant Group describes itself as… Read More

June 15, 2020 @ 10:33 pm By Omar Faridi  |  

The rise of Chinese Fintech firms as major industry participants across Asia is playing a vital role in transforming the region’s financial services ecosystem. Joe Ngai, partner at consultants McKinsey & Co, confirmed: “Chinese Fintech companies have been expanding overseas.”  In 2016, Ant Financial, the… Read More

May 30, 2020 @ 4:22 pm By Omar Faridi  |  

China Merchants Port, the largest port operator in the country, has teamed up with e-commerce giant, Alibaba Group (NYSE:BABA), and its Fintech-focused subsidiary, Ant Financial. Through the partnership, the companies will work towards developing a blockchain or distributed ledger technology (DLT)-enabled platform, which will aim… Read More

May 24, 2020 @ 5:43 pm By Xu Gao  |  

The People’s Bank of China and State Administration for Market Regulation Sign Data Sharing MoU On May 20th, the People’s Bank of China (PBC) and State Administration for Market Regulation (SAMR) signed a Memorandum of Cooperation on Data Sharing (hereinafter referred to as the MoU),… Read More

May 18, 2020 @ 9:31 pm By Omar Faridi  |  

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA), has teamed up with Digital Money Myanmar (Wave Money), in order to promote financial inclusion and help the country’s unbanked and underbanked population. Ant Financial will offer its expertise in mobile and… Read More

April 17, 2020 @ 5:20 pm By Omar Faridi  |  

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA) and the parent firm of Alipay, has introduced its consortium blockchain platform. Referred to as “OpenChain,” the platform will assist small and medium-sized enterprises (SMEs) with developing blockchain or distributed ledger technology… Read More

April 14, 2020 @ 8:00 pm By JD Alois  |  

Zhejiang University International Business School (ZIBS) has announced a new English taught Masters program. The Masters of Fintech will be taught in the Zhejiang Province – a leading center of Fintech innovation and home to Ant Financial (part of Alibaba) one of the largest Fintech companies… Read More

March 25, 2020 @ 10:26 am By Samantha Hurst  |  

Ant Financial Services Group, the owner and operator of Alipay, announced on Wednesday it launched the Software-as-a-Service (SaaS) version of its technology product OceanBase, a financial-grade distributed relational database that has been a key computing infrastructure for Alipay.  Ant Financial describes OceanBase as a highly… Read More

March 16, 2020 @ 7:00 pm By JD Alois  |  

Fintech TransferWise has announced that its 7 million+ customers can now send money instantly to Alipay users. Alipay is the payments platform provided by Ant Financial (Alibaba). Ant Financial is the highest valued Fintech in the world. “Our newest partnership with Alipay has been one… Read More

March 4, 2020 @ 7:58 am By Samantha Hurst  |  

Klarna announced on Wednesday that Ant Financial Services Group, the owner and operator of Alipay, has made an investment and taken a minority stake in the payment processing platform. Klarna reported that the investment from Ant Financial will support the further development of their strategic… Read More

February 17, 2020 @ 7:32 am By Omar Faridi  |  

Approximately 80% of all Chinese banks will acquire and integrate Fintech solutions from the cloud market, according to International Data Corporation (IDC), a leading multinational market intelligence company.  China’s Fintech sector is known for quickly adopting a broad range of information technologies including cloud computing,… Read More

January 19, 2020 @ 8:28 am By Omar Faridi  |  

Ant Financial is reportedly working with several banking institutions in order to revive its plans for conducting an initial public offering (IPO). The Fintech company’s decision to go public has come more than a year after China’s leading mobile payments firm postponed the process after… Read More