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Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching CN¥118 trillion in June 2020.
Ant Group's unexpected and abrupt delay in its blockbuster initial public offering (IPO) has cast a pall over the fate of five Chinese mutual funds that otherwise would find themselves sitting on ...
HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a ...
Mom-and-pop savers bet on the success of China's Ant Group by placing bids for a record $3 trillion of shares in the company's IPO. Ant's dual listing in Shanghai and Hong Kong is set to be the ...
Investors, both big and small, anxiously waited on Thursday to find out whether they would be one of the lucky ones to win a golden ticket for a piece of Jack Ma's Ant Group in the biggest initial ...
Ant Financial, a fintech company and affiliate of Alibaba Group, has plans of an IPO in STAR. Ant Financial is reporting seeking to raise $30 billion, making it potentially one of the biggest IPOs in history. [14] However, on the eve of the IPO, China stopped the process from moving forward. [15]
[180] [181] Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn (start-up) company, with a valuation of US$150 billion. [182] [183] [184] In August 2020, Ant Financial, a subsidiary of Alibaba, launched the IPO program, valued at US$200 billion. [185]
The listing could be the world's largest initial public offering, surpassing the record set by Saudi Aramco's $29.4 billion float last December. Ant Group to launch $35 billion IPO after final nod ...