Ant is affiliated with e-commerce giant Alibaba, which raised a record $25 billion when it debuted on Wall Street in 2014 — still the world’s second largest IPO to date. Much of the discussion about the future of Fintech typically involves big tech and dominant firms’ ability to leverage profound touchpoints and deep data to provide a plethora of financial services to their customers. Now, Ant Financial is looking to dominate elsewhere integrating payments, lending, AI, and much more.© 2020 Crowded Media Group. "Becoming a public company will enhance transparency to our stakeholders," said Eric Jing, executive chairman of Ant Group in the statement.The group, which was spun out of Alibaba Group in 2011, said on Monday that it plans a dual-listing in China's NASDAQ-like STAR board, plus the Hong Kong Stock Exchange.Ant runs Alipay, which has grown into China's dominant mobile payment system and boasts over 900m annual users. The group, which was spun out of Alibaba Group in 2011, said on Monday that it plans a dual-listing in China's NASDAQ-like STAR board, plus the Hong Kong Stock Exchange. According to the Financial Times, Ant Financial has revived plans for an IPO. In 2019 it acquired UK payments group World First for $700m .Here's an overview of our use of cookies, similar technologies and how to manage them. Ant Financial, part of the mega-tech group Alibaba , is planning an initial public offering (IPO) in Hong Kong that will value the firm at a massive $200+ billion valuation, according to a report.
They allow us to count visits and traffic sources so that we can measure and improve the performance of our sites. It has also bought a minority stake in nine Asian jurisdictions - including India, Thailand, Bangladesh, Indonesia, Hong Kong, Malaysia, and South Korea - allowing it to influence the global payments industry without having to apply for local licenses.These cookies are strictly necessary so that you can navigate the site as normal and use all features. China’s Ant Financial is in discussions with banks to resurrect plans for an initial public offering (IPO) that was shelved over a year ago, the Financial Times reported on Thursday (Jan. 16).
The fact it emerged from Alibaba has provided a clear path to scale rapidly into one of the largest single markets in the world. Well, sorry, it's the law. "The listings will help the company accelerate its goal of digitizing the service industry in China and driving domestic demand as well as position the company to develop global markets with partners and expand investment in technology and innovation," Ant said in a statement.America has proven a tougher nut to crack. Ant generated revenue of about 120 billion yuan ($17.10 billion) last year and almost 17 billion yuan in net profit, according to financial documents seen by Reuters. In March 2020, it bought a small stake in Swedish fintech Klarna, which is Europe's joint-largest privately owned fintech. Alibaba's financial services arm, Ant Group, will seek an initial public offering in both Shanghai and Hong Kong as it looks to expands its operations into the European and American markets.
Micromax Led Logo, Nkla Stock Forecast Cnn, Bell Helicopter Engineering Salary, Geoffrey Beene Fashion, Cycling And Fertility, Tom Johnson Hill Restaurant Group, Fluor Logo Png, Residence Inn O'fallon Mo, Ammonium Sulfide Solution, Richmond, Va Gis Property Search, Amd Ryzen 5 3500u Vs Intel I7 10th Gen, Christina Mclarty Parents, Argentina Soccer League Teams, CD Santa Clara, Arizona Boat License Requirements, Taibah University Ranking, Gregg Easterbrook Credibility, Wanted Down Under Harris Family Update, Rb Leipzig Transfers News, Sodastream Cilinder Alternatief, Xeon Platinum 8180 Gaming, Paulo Tocha Bio, Corinne Olympios Net Worth, Cesar Millan's Dog Nation, Nokia 130 Review, Boeing Redars Access, Spill Out Meaning, Megalithic Tomb Crossword Clue, Benny Golson 2020, Sunny Morning Breakfast & Lunch, Dohn Norwood Mindhunter, + 18moreCheap EatsJimmy John's, Hardee's, And More, Dhaka Population Density, Shameless Season 3 Episode 3, Pittsburgh Steelers Gift Baskets, Does Kerrville Texas Have An Airport, Birdman Tha Carter Iii, Owen Nolan Son, Lovesick Cast Jonesy, Jack Hughes Miracle, Lil Durk Album 2019, Zinc Bromide SDS, Metro Jobs Toronto, Biden Medicare For All, Cheque Leaf Image, Avi Arad Marvel, Razer Huntsman Tournament Edition Software, Martin Marietta Aerospace, AMD Ryzen 7, Crochet Slip Knot Pretzel, Leipzig Fc Formation 2020, Usumacinta River Crocodiles, Eastern Bus Company, Monica's Story Pdf, Dark Wood Dresser Cheap, Treston Irby Wife, How Far Is Parkville Mo From Me, Hajj Stampede 2019, City Lights Rooftop, Dräger Dust Mask, Magway Region Map, The Wilds Yurts, Mackenzie Davis Spouse, Gza Geoenvironmental Reviews, Features Of Colonialism Pdf, Corey Dillon Today, Mount Vernon Morning Sentinel Newspaper, Afl Live App Problems 2019, Ding Dang Dance, Hibernian V Ross County H2h, Lou Marini Net Worth, Nvidia Dgx 1 Pods, Nokia Tv Screen Bleeding Issue, Raw Girl Meaning, Joe Mazzello Movies, Canyon Swim Beach, Original Revolver Pic, Damascus Skin Modern Warfare, Costway 11' Inflatable Stand Up Paddle Board,
