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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 the...
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 trillion RMB in June 2020.
Ant Group is frequently overlooked by analysts when calculating Alibaba's intrinsic value. Ant could be a good long-term driver for Alibaba stock even under higher restrictions of its...
Alibaba Group Holding Ltd's (NYSE: BABA) fintech affiliate Ant Group post its business overhaul, shared a positive outlook for China's private sector, highlighting the fintech giant's role in ...
SHANGHAI, China — Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended. The Shanghai and Hong Kong stock exchanges made the announcement on...
Indian fintech pioneer Paytm in an exchange filing informed about the resignation of Non-Executive Director Douglas Feagin from its Board. Feagin is the senior vice-president of the Ant Group, and had joined One97 Communications (OCL)'s Board in July, 2021, at the request of the nominating shareholder. In his letter to Paytm, he wrote, "Paytm's journey to achieving profitable financial ...
Ant Group, spun off of Chinese tech conglomerate Alibaba and controlled by chairman Jack Ma, has become a formidable financial platform with assets that rival those of the world's largest banks....
Ant chairman tells local media that he is confident the fintech firm can play a larger role in China’s economy amid strong support from Beijing for the private sector.
Ant Group is a fintech firm that was set to launch with the world's largest ever IPO. But just before its shares started trading, Chinese regulators pulled the plug. NPR's Emily Feng explains why.
Ant held about 2.15 trillion yuan ($333 billion) worth of consumer and small business loans as of last June, according to its IPO prospectus. By comparison, more than 4,000 commercial banks in...