Ant Group Appoints CFO Han Xinyi as Group President

On March 19th, Ant Group Chairman and CEO Eric Jing issued a company-wide memo announcing a new round of organizational restructuring. Eric Jing will serve as Chairman of Ant International, while Han Xinyi will assume the role of Ant Group President, overseeing all aspects of digital payments, ...

Alibaba and Ant Group to Disentangle to Ease China Regulatory Pressure

Ant Group after China's regulatory crackdown over the past period. Industry practitioners say this is in line with the trend in China to separate financial activities from Internet operations.The duo are gradually unbundling their business with each other to ...

Alibaba's Ant Group Seeks Dual Listing on Hong Kong and Shanghai Bourses

Ant Group (formerly Ant Financial) has announced that it plans a dual listing on the Hong Kong Exchange and the Shanghai Star Market. The fintech company is the parent company of China's largest mobile pay solution company AliPay. Ant Group was valued at USD 153 billion post its series...

Roadblocks in the Ant Group's IPO Path

Ant Group's IPO progress has been dormant for a while. Since the last update on September 18, when it was approved by the listing committee of the Shanghai Stock Exchange, it has remained mostly static. Some reasons for this are now coming to light.  According to Reuters, the China ...

Ant Group Replies to CSRC, Gets Closer to IPO

On September 7, Ant Group replied to an inquiry by China Securities Regulatory Commission (CSRC) as part of the former's IPO process, with some main concerns from the state answered by the Hangzhou-founded company. Here are two selected ones in regard to the industry competition. Despite ...

Latest Move on Ant Group IPO: Approved by Listing Committee

Shanghai Stock Exchange announced that Ant Group had been approved by the listing committee. It only took 25 days for the company from when it first filed for the prospectus to the approval from the Star Market now.  According to the prospectus, Ant Group is issuing over 10% of the ...

Ant Group Takes the Lead in Removing Internet Deposits

Ant Group is taking the intuitive move in removing all internet deposits from its shelves. The users who already hold the products will not be affected while others will have no channel to buy them. Online deposits are normally offered by small banks with higher rates. They increase the ...

Ant Group Plans to Launch Alipay in Indonesia

Ant Group plans to introduce its popular cross-border payment service Alipay+ to the Indonesian market, Ant Group International Business Group CEO Yang Peng reportedly said today. The company is currently working under the guidance of Indonesia's central bank and with local partners so that it ...

Too Big to Fail 3.0: How Alibaba’s Ant Group Goes Beyond Fintech

Furthermore, since the name changed from Ant Financial to Ant Group, it is going to provide services in more fields. After acquiring licenses in almost all financial service fields, the company expanded its business scope to a wider realm, providing technology-based solutions to businesses. It is ...

A 'New' Ant Group: Ant Takes Lead Role in Forming a More Systematic Market

On December 26, several finance administrations, such as the central bank and China Banking Regulatory Commission, interviewed with the Ant Group, with reshuffling following in five areas.First, the company should focus on the payment business, which is also its origin. Any attempts that might lead ...