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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 made major changes to its ownership structure and corporate governance in January 2023. [43]: 261 That month, Ant Group announced a series of changes in shareholder voting rights, with Ma no longer the actual controller of Ant Group. [49] Ma's voting rights were reduced from 50% to 6%.
On 16 October 2014, the Alipay company was re-branded as Ant Financial Services (now Ant Group). [ 179 ] One of the factors for Alibaba's success in this platform is the company's quick and reliable payment system, where it offers several types of payment systems such as credit card, debit card , Alipay, Quick-pay , and online banking .
The CEO of Ant Group, the world’s biggest financial technology company, has resigned from the company due to personal reasons. Ant Group thanked Simon Hu on Friday for his contributions to the ...
Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million) for violating regulations in its payments and financial services, an indicator that over two years of scrutiny and ...
Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field. The company has ...
The 2010 transfer of Alipay's ownership was controversial, with media reports in 2011 that Yahoo! and Softbank (Alibaba Group's controlling shareholders) were not informed of the sale for nominal value. Chinese business publication Century Weekly criticised Ma, who stated that Alibaba Group's board of directors was aware of the transaction. [13]
Speaking on Sunday at the 20th anniversary celebration for Ant Group, which he also co-founded, Ma welcomed the AI technological revolution, according to Chinese media outlet 36kr.