alipay

Platform News: Ant Group and the FinTech sector in China

Investors value China’s Ant Group at over $200 billion after IPO halt

Some of Ant Group’s global investors have valued the notable Chinese FinTech business at a massive $200 billion based on its 2020 performance, said people with knowledge of t...

Platform News: President Donald J Trump

Trump signs order banning transactions with eight Chinese apps including Alipay

President Trump has signed an executive order prohibiting trades with eight Chinese software applications, such as Ant Group’s Alipay, ” the White House stated, escalat...

Alipay

Increased Chinese scrutiny increases investment risk of ‘Beast’ Ant

As Ant Group was pushing forward in August towards its IPO, at least two smaller Chinese banks using existing ties to the FinTech player decided to stop sourcing fresh customer loa...

Goldman Sachs

Goldman Sachs joins syndicate for Ant IPO of up to $30 billion

Goldman Sachs has joined the growing list of investment banks working on Ant Group’s mammoth first public offering of up to $30 billion, two individuals with direct knowledge...

Platform News: Ant Financial

Alibaba’s Ant Group files for dual listing in Hong Kong and Shanghai

Ant Group, Alibaba’s FinTech arm and China’s dominant mobile payments business, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market. ...

Platform News: Ant Financial

Ant Group lines up dual listing on Hong Kong and Shanghai markets

Ant Group, the FinTech wing of Alibaba Group, has stated that it has begun the process of a dual listing in Hong Kong and on Shanghai’s market, kicking off one of the world&#...