Ant Financial News

01.11 / 15:07

Blockchain Adoption HSBC Banks Ant HSBC and Ant Group test tokenized deposits under HKMA sandbox

Banking giant the Hong Kong and Shanghai Banking Corporation (HSBC) has tested the use of tokenized deposits — from issuance to transfer to redemption — with major Chinese financial services provider Ant Group, founded by Jack Ma, in a sandbox arranged by the Hong Kong Monetary Authority.

17.10 / 15:41

Reuters economy BlackRock country reports Ant Joint Venture stake Vanguard sells stake in joint venture with Ant - Bloomberg News

(Reuters) — U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News reported on Tuesday, citing people familiar with the matter.

18.09 / 12:21

Ant Ant Group Reportedly Plans Withdrawal from $100 Million Crypto Venture A&T Capital

The Chinese fintech giant Ant Group is in the process of withdrawing its investment from the $100 million A&T Capital fund that was set up to invest in offshore crypto projects, Bloomberg reported today.

08.09 / 09:39

business Adoption Web3 Ant Web3 Developers Ant Group launches new blockchain brand for Web3 developers

Ant Group, the owner of the world’s largest mobile payment platform, Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers.

10.08 / 15:43

UPS Reuters Ant Ant group quarterly profit rises nearly 18% on year to 13 billion yuan

China's Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report released Thursday. The e-commerce giant reports profit from Ant one quarter in arrears.

09.08 / 18:51

Provident AXY Assurant Deal Ant Ant deal revives question on Sharma’s position at Paytm

Paytm founder-CEO Vijay Shekhar Sharma’s decision to acquire an additional 10.3% in the company from Ant Financial has reignited the debate around his actual holding in the company and if, as a public shareholder, he has control of the company and enjoys the perks of being a promoter without actually being classified as one. Paytm parent One97 Communications says Sharma owns 19.42% of the country’s largest payments company.

08.08 / 14:53

UPS IPO Reuters Buyback Ant valuation Some global investors skip Ant's buyback after valuation slumps 70% - Bloomberg News

(Reuters) -A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday.

08.08 / 04:21

UPS Reuters Buyback Ant valuation Global investors skip Ant's buyback after valuation slumps 70%

global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.

07.08 / 18:47

UPS IPO Provident Assurant NIFTY Ant Ant transfers 10.3% in Paytm to Sharma

MUMBAII, NEW DELHI : Ant Group transferred about 44% of its stake in One 97 Communications Ltd, which runs Paytm, to founder and chief executive Vijay Shekhar Sharma, a move seen as an effort to reduce the Chinese company’s ownership in the Indian fintech giant. Paytm said Resilient Asset Management BV, an overseas entity owned by Sharma, will acquire the ownership and voting rights of 10.3% of the stake in the company held by Antfin (Netherlands), a unit of Ant Group, formerly known as Ant Financial. Upon successfully completing this transaction, Sharma’s Paytm holding will increase to 19.42%, making him the company’s largest shareholder.

07.08 / 03:59

Ant stake Financial Vijay Shekhar Sharma to buy 10% stake in Paytm from Ant Financial

Paytm founder Vijay Shekhar Sharma will acquire 10.30% stake in Paytm from Antfin through an off-market transfer, the company said in an exchange filing. On closing of this transaction, Sharma’s shareholding in Paytm (direct and indirect) will increase to 19.42%, whereas Antfin’s shareholding will reduce to 13.5%.

29.07 / 15:53

IPO Ant Listing of Ant Group is unlikely in the short term - state media

BEIJING (Reuters) — A listing of Jack Ma-backed Ant Group is unlikely in the short term, state media reported on Saturday, citing people close to regulation.

26.07 / 09:35

business Blockchain NASDAQ Ant Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.

24.07 / 15:59

UPS IPO CEO Platform Mobile Buyback Ant NOT Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

23.07 / 12:23

UPS Buyback Ant NOT China's Alibaba says it will not join Ant Group share buyback

BEIJING (Reuters) — China's Alibaba (NYSE:BABA) Group said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company.

10.07 / 12:57

UPS IPO Reuters Fine Ant Explained: What’s next for Ant after its nearly $1 billion fine?

Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over. Ant's story so far has been one of a dramatic reversal in fortunes: while its shelved $37 billion IPO in 2020 had valued the company at $315 billion, a share buyback announced on Saturday valued it 75% less at $78.5 billion.

10.07 / 03:09

UPS IPO Provident Ant regulatory Alibaba shares rise 5.5% amid hopes Ant regulatory crackdown is ending

Alibaba Group opened 5.5% higher on Monday after China fined its affiliate, Ant Group, $984 million for violating laws and regulations, fuelling hopes that a years-long regulatory crackdown on the fintech has ended. On Saturday, Ant Group announced a share buyback that values the company at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, but providing liquidity to investors.

08.07 / 19:23

UPS IPO Provident Progressive Platform Mobile Buyback Ant Ant's surprise share buyback values firm at steep 75% discount to IPO

By Julie Zhu and Josh Ye

08.07 / 04:27

UPS IPO Tencent Ant valuation Ant to buy back shares at 70% lower valuation than at IPO

Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company. Ant’s planned repurchase of the equity would value the company at about 567.1 billion yuan ($78.5 billion), it said in a statement on Saturday.

08.07 / 03:53

UPS IPO Provident Mobile Pool Ant Ant's share repurchase plan values firm at nearly $79 billion

Ant Group on Saturday announced a share repurchase plan that values the fintech giant at $78.54 billion, as the management seeks to replenish its staff incentive pool and let some investors exit after regulators fined the firm. It marked a sharp fall in the $300 billion-plus value ascribed to the company in mid-2020 before its IPO planned for later that year was pulled.

07.07 / 19:53