Ant Group

Ant Group Reels In Small Investors As IPO Nears
Ant Group Reels In Small Investors As IPO Nears
October 12, 2020  |  IPO

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group...

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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO
Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO
September 28, 2020  |  Digital Banking

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group, has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary...

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Ant Group Launches B2B X-Border Blockchain Trading Platform
Ant Group Launches B2B X-Border Blockchain Trading Platform
September 25, 2020  |  Blockchain

As Ant Group, the online payment provider, prepares to go public, the China-based company has launched Trusple, a blockchain platform for cross-border trade by small-...

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Today In Payments Around The World: JD.com Works With China’s Central Bank On Cryptocurrency; US Users Rush To Get WeChat App
Today In Payments Around The World: JD.com Works With China’s Central Bank On Cryptocurrency; US...
September 22, 2020  |  Digital Payments

In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. WeChat users are reportedly racing to...

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Ant Group’s Planned IPO Could Raise A Record $35B
Ant Group’s Planned IPO Could Raise A Record $35B
September 21, 2020  |  IPO

Ant Group, the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes...

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Chinese Consumers Slow To Adopt Pay By Face
Chinese Consumers Slow To Adopt Pay By Face
September 20, 2020  |  Biometrics

Ant Group, one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made...

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Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment In Grab
Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment...
September 14, 2020  |  News

In today’s top news in payments from around the world, Oracle Corp. has said that it was chosen to be ByteDance’s “trusted technology provider” that...

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New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As Financial Holding Company
New Chinese Rule Means Ant Group Must Set Aside At Least $731M And Register As...
September 13, 2020  |  Regulation

New Chinese finance rules will force the Jack Ma-backed Ant Group to comply with regulations to back up any payments, lending or other finances with...

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China Tightens Financial Regulations In Advance Of Ant IPO
China Tightens Financial Regulations In Advance Of Ant IPO
September 03, 2020  |  Regulation

Days after one of the world’s highest-valued FinTech conglomerates filed to go public, Chinese regulators are increasing scrutiny of non-bank financial companies. Last week, Ant...

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