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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 ¥118 ...
An Ant Group office in Shanghai displays an Alipay logo. (Hector Retamal/AFP/Getty Images) Financial technology giant Ant Group is planning to raise more than $34 billion in a joint listing across ...
HONG KONG, Nov 22 (Reuters) - Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter, setting the ...
CNN —. Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by ...
Ant Group runs Alipay, the main online payment system in China, which has eclipsed cash, cheques and credit cards. Mr Ma, a former English teacher who founded e-commerce giant Alibaba, directly...
The China Banking and Insurance Regulatory Commission said Friday it approved Ant Group’s request to increase the amount of registered capital for the company’s consumer unit, to 18.5 billion ...
Ant Group aims to create the infrastructure and platform to support the digital transformation of the service industry. We strive to enable all consumers and small businesses to have equal access...
Ant Group’s move into cross-border payments. First launched as a pilot in early 2020, Alipay+ has since seen a host of announcements from global merchants integrating the solution. However, it ...
Ant Group Announces Further Corporate Governance Optimization. In order to continue to optimize our corporate governance and achieve long-term sustainable development, Ant Group Co., Ltd. (“Ant Group”, the “Company” or “we”) has been undertaking several initiatives since 2021. We have increased the number of independent directors to ...
For Chinese fintech behemoth Ant Group Co., persuading internal stakeholders that the company should be pursuing sustainability goals is still a huge challenge.. Its recent US$6.5 billion sustainability-linked loan deal, the largest of its kind in Asia, is hence a “good start” as it manages to get key decision makers, including the group’s chief technology officer and chief customer ...