Chinese fintech giant Ant Group has won approval from China’s securities regulator for its initial public offering in Hong Kong.
Jack Ma evenly transferred his 66% equity of Hangzhou Yunbo Investment Consulting, now his total equity reduced to 34% while the other three holders now each holds 22%.
Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
China's Tencent and several other investors committed an additional investment of $120 million to the digital financial services company Voyager Innovations.
Alibaba Group’s financial services affiliate Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in Southeast Asia and India.
Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.
Paytm is close to scoring $2 billion of new financing from investors including Alibaba’s Ant Financial and SoftBank Group Corp., Bloomberg reported citing a person familiar with the matter.
Ant Financial, the Chinese payments giant, is in talks to lead a $600 million funding round in India’s leading food delivery app Zomato, people familiar with the matter told the Economic Times.
At Alibaba’s 2019 Investor Day held on September 24, Eric Jing, Ant Financial’s Chairman and CEO, delivered a speech highlighting the company’s recent progress.
On July 5, Alipay announced an initiative to support the long-term development of women’s football in China, planning to allocate RMB 1 billion over the next decade.
Inspired by China's Alipay Ant Forest initiative for a greener planet, the Philippines leading mobile wallet, GCash, is introducing a new green feature on the app called GCash Forest.
Alipay released its second sustainability report on May 20 in Beijing. The report is titled “Moving towards a better society for the future”, and lists the company's initiatives and achievements from 2017 and 2018 that had positive social impacts.
Alipay, a payment and lifestyle platform by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019, a 500 percent increase compared with last year.
When shopping in China there's no need to bring your wallet, most people use their phones to pay, regardless of if you are buying a piece of gum or a new car.