Tagged: ant financial

Ant Group Is Reportedly Moving Forward with Digital Banking License Application in Singapore, Despite Halted IPO Plans

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

Ant Group Is “Most Interesting” Fintech of All Time Because it Provides Blueprint for how Unbanked Will Come Online, Industry Exec Explains

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

Fintech Giant Ant Group’s Profits Increased 560% Year-Over-Year to an Estimated $1.3 Billion, Dual IPO Listings Forthcoming

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

Ant Group to IPO on Hong Kong Exchange, Shanghai Exchange, Poised to be Largest Fintech Ever to Go Public

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

Massive Fintech Ant Financial Planning Hong Kong IPO, Valuation Expected to Top $200 Billion

  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

Ant Financial to Reportedly Drop “Financial” From Name to Rename to Ant Technology Group

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

Overseas Expansion Is Logical Step for Alipay as China’s Fintech Sector Continues to Expand Presence in Asia, McKinsey & Co Partner Says

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

World’s Most Valuable Fintech Ant Financial Partners with China Merchants Port to Launch Blockchain Platform for Local Banking and Logistics Businesses

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

China: WeiyangX Fintech Review

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

Fintech Firm Ant Financial Partners Myanmar’s Wave Money to Promote Financial Inclusion for the Underbanked

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

Fintech Firm Ant Financial Introduces Consortium Blockchain Platform, OpenChain, to Help SMEs with Developing DLT Apps

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

China: Zhejiang University International Business School Announces Fintech Masters Program

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

Ant Financial Announces SaaS Version of Database Solution “OceanBase”

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

Transferwise Partners with Alipay on Money Transfers

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

Ant Financial Scores Minority Stake in Klarna

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

80% of Chinese Banks to Integrate Fintech Solutions from Cloud Market: Report

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

Chinese Fintech Ant Financial Is Working with Several Banks to Revive its IPO Plans: Report

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

Ant Financial Announces Inaugural INCLUSION Fintech Conference to Take Place in Shanghai

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is set to host its upcoming fintech conference in Shanghai. Ant Financial reported that the INCLUSION Fintech Conference is an event that aims to bring together the global financial and… Read More

ZA Bank Ltd., first of Hong Kong’s Upcoming Digital Banks, to Offer Huge 6% Special Rate on All Deposits

The first of Hong Kong’s upcoming group of virtual banks has confirmed its launch with a 6% special introductory rate on all deposits. ZA Bank Ltd., which is notably one of eight companies planning to establish digital-only banking services in Hong Kong, has launched a… Read More

Asian Fintech Firm Ant Financial Ranked China’s Fifth Most Valuable Private Company

Asian Fintech firm Ant Financial, a subsidiary of e-commerce giant Alibaba (NYSE:BABA), has reportedly been ranked China’s fifth most valuable privately-held company. According to an inaugural rankings report released by Hurun, which is primarily known for publishing China’s list of wealth individuals, Ant Financial is… Read More

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