11/11/2021 8:43:58 PM Alibaba Singles’ Day posts record sales By Sarah Wolter The 2020 edition roughly doubled sales from the prior year, as Alibaba added several days and additional services to the count. But the...
10/27/2020 12:39:18 PM Ant IPO by the numbers: it’s bigger than Finland’s GDP By Sarah Wolter 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,...
8/28/2020 12:28:54 AM How Ant Group turned into the Alibaba of Chinese finance By Sarah Wolter 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...
8/28/2020 12:19:56 AM Ant Group, the Alibaba payment affiliate, files to go public By Sarah Wolter Once people were using Alipay to stash their cash and pay for online purchases, Ant could begin offering them other kinds of services...
7/20/2020 2:46:16 PM Ant Group plans dual IPOs in Shanghai, Hong Kong, bypassing New York By Sarah Wolter 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...
7/9/2020 1:16:10 PM Alibaba's Ant plans Hong Kong IPO, targets valuation over $200b By Sarah Wolter 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...
7/31/2019 12:00:00 AM MYbank to raise $871 million By Carlos Alonso Torras 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...
4/19/2017 9:11:36 PM Ant Financial and HelloPay Group merge By FinTech Collective Ant Financial, Chinese giant Alibaba's financial affiliate, announced their merger with Philippines based payment platform HelloPay...
2/23/2017 5:50:29 PM Kakao Pay receives $200m investment By FinTech Collective Korea based fintech arm of messaging giant Kakao, Kakao Pay has received $200m in private equity investment from Alibaba affiliate Ant...
2/10/2017 3:31:16 PM Ant Financial Raising Money for Global Expansion By FinTech Collective Ant Financial Services Group, China's highest valued online finance company and affiliate of Alibaba Group is currently in talks to raise...
3/6/2015 2:37:34 AM Alibaba's second VC fund is $316 million and focused on investments in Taiwan By FinTech Collective Alibaba has made a commitment to support the startup community first in Hong Kong with a $129 million fund and now in Taiwan with a $316...
2/19/2015 3:23:13 PM Lending Club's loose door policy By FinTech Collective Lending Club has cut some great deals with big names such as Alibaba and Google. Most recently they have established an agreement with...
2/3/2015 5:06:35 PM Lending Club forms partnership with Alibaba By FinTech Collective P2P lender, Lending Club, is making a big strategic move by partnering with the ecommerce giant, Alibaba, to provide financing to small...
2/2/2015 6:04:45 PM Alibaba Launches $129M Foundation For Young Hong Kong Entrepreneurs By FinTech Collective Alibaba announced today that it has launched the $129 million non-profit organization, the Alibaba Hong Kong Young Entrepreneurs...