Ant Financial Archives - Page 2 of 4

Ant Financial Invests $210 million in Indian Delivery Unicorn Zomato

On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.

Pinduoduo Founder Debuts in Hurun China Rich List 2018

With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.

China Tech’s Leading Investment Bank, China Renaissance, Goes Public in Hong Kong

China Renaissance Holdings Ltd. officially listed on the Main Board of the Hong Kong Stock Exchange at 9:30 a.m. on Sept. 27, under the ticker 1911.HK. This marks the emergence of world-class Chinese investment banks, as reported by Chinese media.

Ant Financial CEO Presents Company’s New Development Strategy

On Sept. 17, Ant Financial announced the company’s technological capabilities, growth strategy, and planned partnerships with financial institutions in hopes of creating long-lasting customer values, enhancing user experience, and establishing a strong growth momentum.

Alibaba CEO Jack Ma Names Daniel Zhang as His Successor

Alibaba Group, the largest e-commerce platform in China, has announced on Sept. 10 that chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board, effective one year from now.

Alipay Seeks Japanese Partners to Bring Cashless Experience During Tokyo Olympics 2020

On Sept. 5, world-leading mobile and online payment platform Alipay announced the intention to collaborate with a wider range of local Japanese partners to build a cashless environment for tourists going to Japan.

Malaysian Prime Minister Kicked off China Tour with a Visit to Alibaba

Malaysian Prime Minister Mahathir Mohamad started his closely watched China tour on August 17th and visited Alibaba the next day on his first official trip to China.

Alipay Launches World’s First Paperless Tax Refund Service in South Korea

Alipay, a third-party mobile and online payment platform, announced on August 20 that it has partnered with Global Tax Free (GTF), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea.

China’s Blockchain Ecosystem is Taking Shape According to MIIT

The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).

2018 Fin-Tech Fundraising Round-up: Chinese Companies Raised 83% of the Capital

In the first half of 2018, China’s fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China.

JD Finance Raises RMB 13 Billion in Series B at a Valuation of RMB 133 Billion

JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.

Ep. 11: After Alibaba, Team Jack Ma’s Newest Centacorn: Ant Financial

What do you call a unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn – Ant Financial.

Ant Financial Launched World’s First Blockchain Cross-Border Remittance Service

Alibaba has co-launched the world’s first blockchain cross-border remittance service on June 25.

$14 Billion Series C Round for Alibaba-Affiliate Ant Financial

Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.

9 Chinese Companies Made It onto Mary Meeker’s Internet Trends Report

Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.

Alibaba’s Financial Report – Best Fiscal Year with $39.3 Billion in Revenue

Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.

Two New Money Market Funds Join Ant Financial’s Yu’e Bao Platform

On May 3rd, Alipay announced the addition of two new money market funds to Yu’e Bao, the idle funds management platform within the Alipay app with the world’s largest money market fund.

Ant Financial entering Bangladesh in Partnership with bKash

The leading mobile financial services provider of Bangladesh, bKash Limited and Ant Financial Services Group, operator of Alipay, announced a strategic partnership on April 26 to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.

A Green Movement with 300 Million Participants and 13 Million Trees

In April, Pandaily went to Ordos, China with Ant Forest and its users, to participate in a green movement involving 300 million people — Ant Forest. Ant Forest is a special feature of Alipay, a payment app and platform under Ant Financial, that was created as a social corporate responsibility (SCR) project.

Ant Financial Launches ATEC AI Competition for AI-Related Financial Solutions

On April 25, 2018, Ant Financial launched the 2018 ATEC AI Competition in Hangzhou, China. As a renowned financial service group in China, the company has partnered with Chinese and international universities including the University of California, Berkeley and Imperial College London, to put forward discussions and explorations of AI-related financial solutions.

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