Alibaba Singles’ Day posts record sales
The 2020 edition roughly doubled sales from the prior year, as Alibaba added several days and additional services to the count. But the...
News by FinTech Collective
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Ant IPO by the numbers: it’s bigger than Finland’s GDP
Ant’s IPO puts the company’s valuation at dizzying heights. At about $315b, Ant is worth more than the gross domestic products of Egypt,...
How Ant Group turned into the Alibaba of Chinese finance
Ant's evolution into the Alibaba of finance has been fueled by a desire to claw back customers who began using WeChat more as it...
Ant Group, the Alibaba payment affiliate, files to go public
Once people were using Alipay to stash their cash and pay for online purchases, Ant could begin offering them other kinds of services...
Ant Group plans dual IPOs in Shanghai, Hong Kong, bypassing New York
Ant didn’t give a time frame for its IPOs or a fundraising target, but a person familiar with the matter said the company is aiming for a...
Alibaba's Ant plans Hong Kong IPO, targets valuation over $200b
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year. Although valued at about...
MYbank to raise $871 million
China based online lending offshoot of Alibaba’s Ant Financial is seeking to raise $871m at a valuation of ~$3.5b in its first outside...
Ant Financial and HelloPay Group merge
Ant Financial, Chinese giant Alibaba's financial affiliate, announced their merger with Philippines based payment platform HelloPay...
Kakao Pay receives $200m investment
Korea based fintech arm of messaging giant Kakao, Kakao Pay has received $200m in private equity investment from Alibaba affiliate Ant...
Ant Financial Raising Money for Global Expansion
Ant Financial Services Group, China's highest valued online finance company and affiliate of Alibaba Group is currently in talks to raise...
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