Ant Group's last major fundraising event was in 2018, when investors ploughed $14 billion into the company. TechNode", "Ant Financial acquires UK payments firm - Chinadaily.com.cn", "Trump administration to consider adding China's Ant Group to trade blacklist - sources", "U.S. Explores Curbs on Ant Group, Tencent Payment Systems", "Exclusive: Trump administration shelves bid to blacklist China's Ant Group - sources", "Alipay Overtakes PayPal As The Largest Mobile Payments Platform In The World", "Chinese money market fund becomes world's biggest", "Data From Alibaba's E-Commerce Sites Is Now Powering A Credit-Scoring Service", "Pay with your face at this KFC in China", "Ant Financial Group to create one brand across its financial products", "Hoping to Strike Gold Again, Silver Lake Leads Investment in Koubei", "How Ant Financial grew larger than Goldman Sachs", "Alibaba Finance Affiliate Launches Fund Investment Smartphone App", "Millions Rush to Join a Wild New Health Plan From Jack Ma's Ant", "Chinese initiative Ant Forest wins UN Champions of the Earth award", "Alibaba-linked Ant Forest wins top UN green award - Chinadaily.com.cn", "Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong", "Chinese AI start-up Megvii raises $750 million ahead of planned HK IPO", "Alibaba-backed facial recognition startup Megvii raises $750 million", "AI unicorn Megvii not behind app used for surveillance in Xinjiang, says human rights group", "Addition of Certain Entities to the Entity List", "李开复"口误"?起底"数据交易"传闻下的旷视科技:卖摄像头才是"主业",蚂蚁是最大股东", "Ant Founder Jack Ma Faces Backlash From Regulators", "Jack Ma Makes Ant Offer to Placate Chinese Regulators", "Chinese Regulators Try to Get Jack Ma's Ant Group to Share Consumer Data", "Fintech: AI powers financial services to improve people's lives", "Alibaba's Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong", https://en.wikipedia.org/w/index.php?title=Ant_Group&oldid=1001312200, Financial services companies established in 2014, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License, Hangzhou Alibaba Network Technology (32.65%). A simpler way to invest in Ant is to buy shares of Alibaba. In the long run, that could benefit China, directing money to its markets as investors rush to snap up Ant shares. These are priorities for Chinese President Xi Jinping, she added. Ant Group's highly anticipated IPO has been suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in … Lu noted that Ant faces tough competition inside China from rival. The dual IPO would have valued Ant Group at around $313 billion. Ant set the price tag for the Shanghai leg of the listing at 68.8 yuan ($14.39) per share and HK$80 ($14.50) per share for the Hong Kong tranche, the exchange filings showed. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. All times are ET. Both Alibaba Group and Ant appear to be substantial shareholders of Megvii Technology mainly through indirectly owned subsidiaries, based on its … Invest in Alibaba. All rights reserved. Alibaba itself is the largest holder of the financial-services firm, with a 33% stake. Ant Group is well-positioned to grow market share beyond Asia – a strategically important reality for the ruling party. Most experts agree that Ant Group's valuation could take a beating, but some are unclear on what the final number might be. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Mirroring Ma's success with Alibaba, Ant has quickly grown into most powerful tech companies in the world. Ant Group has issued a letter to investors saying that it apologizes and will properly handle the follow-up work in accordance with the relevant rules of the two exchanges. It has established its presence in every aspect of financial life in China, from investment accounts and micro savings products to insurance, credit scores and even dating profiles. Disclaimer. Beijing hopes the company's decision to sell 1.67 billion shares in both Hong Kong and Shanghai, or about 11% of the company in total, will attract the seasoned institutional investors it has long courted. It is more a question of when, not if. What’s new: Five Chinese mutual funds previously aimed at investing in the Shanghai portion of Ant Group Co. Ltd.’s dual IPO have seen large numbers of investors pull their money out, following the abrupt suspension of the fintech giant’s potentially record-breaking IPO in early November. Credit Suisse is reportedly stuck with an illiquid stake in Ant. Get today's Ant Group Co Ltd stock price and latest 6688 news as well as Ant Group real-time stock quotes, technical analysis, full financials and more. China could push tech giants including Tencent, JD.com, and Ant Group to share their customers’ loan data with them to prevent excess borrowing and … The previous record for an IPO. The shares are due to start trading in Hong Kong on November 5. US lawmakers, government agencies and stock exchanges have since taken steps aimed at limiting Beijing's access to America's vast capital markets. Xiaomeng Lu, senior geotechnology analyst at Eurasia Group, said that Ant is also poised to benefit from the Chinese government's latest economic development plans, which are. Updated 0946 GMT ( 1746 HKT ) October 27, 2020 President Xi Jinping she. Updated 0946 GMT ( 1746 HKT ) October 27, 2020 is delayed by two minutes to 's! Hour of pricing Beijing 's access to America 's vast capital markets disclosure. Valued at about $ 45 billion NYSE-listed Chinese e-commerce giant, holds a 33 stake. 34.4 billion and value the company, CNN Business, Updated 0946 GMT ( 1746 HKT ) 27! 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