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
Read more in: Asia, Fintech | Tagged ant financial, creditmate, india, ipo, little, nearbuy, paytm, shopsity, ticketnew
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
Read more in: Fintech, Asia | Tagged ant financial, ant group, china, digital bank license, digital banking, hong kong, initial public offering, ipo, jack ma, mainland china, singapore
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
Read more in: Fintech, Asia, General News | Tagged alibaba group, ant financial, ant group, benjamin quinlan, china, fintech ipo, hong kong, initial public offering, ipo, mainland china, quinlan & associates
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
Read more in: Fintech, Artificial Intelligence, Asia, Blockchain & Digital Assets, Global | Tagged alibaba, alibaba group, alipay, ant financial, ant group, antchain, china, earnings report
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
Read more in: Asia, Fintech, Offerings | Tagged ant financial, ant group, china, eric jing, hong kong, initial public offering, ipo, shanghai stock exchange, stock exchange of hong kong
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
Read more in: Asia, Fintech | Tagged alibaba, alipay, ant financial, initial public offering, ipo
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
Read more in: Fintech, Asia | Tagged ant financial, ant technology group, china, financial technology, fintech
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
Read more in: Asia, Fintech | Tagged alibaba, alipay, ant financial, china, digital payments, joe ngai, mckinsey & co, mobile payments, oneconnect, paytm, wechat pay
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
Read more in: Blockchain & Digital Assets, Asia, Fintech | Tagged alibaba group, ant financial, china, china merchants port, distributed ledger technology, dlt, jing xiandong, logistics
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
Read more in: Blockchain & Digital Assets, Asia, Featured Headlines, Fintech, Global | Tagged ant financial, china, shanghai fintech industry alliance, weityanx, weiyangx, xu gao
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
Read more in: Asia, Fintech | Tagged alibaba, ant financial, ant group, brad jones, china, coronavirus, covid-19, eric jing, financial inclusion, malaysia, melvyn pun, myanmar, telenor group, underbanked, wave money, yoma strategic
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
Read more in: Fintech, Asia, Blockchain & Digital Assets | Tagged alibaba group, ant financial, blockchain consortium, distributed ledger technology, dlt, jin ge, openchain, sme's, whitematrix, wu xiao
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
Read more in: Asia, Fintech, General News, Global | Tagged ant financial, ben shenglin, chen hung-yi, china, education, lesley goh, masters of fintech, world bank, xiongwen rui, zhejiang university, zhejiang university international business school, zibs
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
Read more in: Fintech, Asia, General News, Global | Tagged ant financial, oceanbase, saas
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
Read more in: Asia, Fintech, Global | Tagged alipay, ant financial, china, kristo käärmann, ma zhighuo, payments, transfers, transferwise, uk, united kingdom
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
Read more in: Fintech, Global | Tagged ant financial, financial technology, fintech, investment, klarna
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
Read more in: Asia, Fintech, Insurtech | Tagged alibaba, ant financial, china, cloud-based platforms, financial technology, idc, international data corporation
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
Read more in: Asia, Fintech | Tagged alibaba, alibaba group, ant financial, china, china international capital corporation, cicc, credit suisse, hangzhou, initial public offering, ipo, jack ma
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
Read more in: Fintech, Asia, General News | Tagged ant financial, china, conference, events, financial technology, fintech, shanghai
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
Read more in: Asia, Fintech | Tagged ant financial, banking, digital bank, digital banking, digital banks, digital-only banks, full-banking license, hong kong, Internet Banking, online banking, tencent holdings, za bank
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