Ant Group

Platform News: Alibaba online marketplace

Alibaba beats sales forecasts on China e-commerce growth

Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce expansion after China arose from coronavirus lockdowns, and said it was assessing the suspens...

Platform News: Ant Group and Alipay

China’s Ant Group says it’s a tech business not a bank

Ant Group, about to make the largest public sale of shares ever, introduces a basic conundrum: what kind of business is it – a financial colossus or a tech giant?

Platform News: Ant Group and Alipay

Ant Group IPO sees record $3 trillion in retail demand

Retail investors put bids for a record $3 trillion of stocks in Ant Group’s  initial public offering (IPO), place to be the world’s biggest, as mom-and-pop Realtors sta...

Platform News: Ant Group and Alipay

Ant Group to close Hong Kong institutional book early amid ‘overwhelming’ demand for IPO

Ant Group will close institutional order publications of the Hong Kong part of its record-setting double IPO ahead of schedule as a result of strong demand, sources with direct kno...

Platform News: Ant Group and Alipay

Jack Ma: Ant Group IPO pricing “history’s largest”

The colossal dual listing for Chinese FinTech Ant Group will be the world’s largest, according to a pricing determined late on Friday, Alibaba founder Jack Ma said over the w...

Platform News: Ant Financial

Ant’s record allocation in Shanghai IPO fuels small investor scramble

Chinese FinTech Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has resulted in a scramble among younger ...


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...

Platform News: Ant Financial

Ant Group’s $35 billion IPO unlikely to be hurt by possible US curbs

Ant Group’s $35 billion initial public offering (IPO) is not likely to suffer from any US restrictions on the Chinese financial technology giant due to its very limited overs...

Platform News: Ant Financial

US explores restrictions on Ant Group, Tencent payment platforms

The United States is considering limitations on China’s Ant Group as well as Tencent over concerns their digital payment platforms undermine national security, Bloomberg News...

Platform News: Ant Financial

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Ant Group, owner of China’s leading mobile payment app Alipay, launched a blockchain-powered platform for cross-border commerce settlements on Friday, as it races to start mo...

Platform Industry: ByteDance China company building

ByteDance takes initial step toward online stock broking in Hong Kong

China-based ByteDance, the owner of international short video app sensation TikTok, is taking first steps into online stock brokerage and wealth management businesss in Hong Kong, ...

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&#...