Ant Group

Report: Ant Group Plans $200 Million Purchase of MultiSafepay
Report: Ant Group Plans $200 Million Purchase of MultiSafepay
January 07, 2024  |  Acquisitions

China’s Ant Group is reportedly preparing to purchase Dutch payments firm MultiSafepay. The deal, worth about $200 million, comes as Ant Group — which owns Alipay — is...

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Ant Group Withdrawing From $100 Million Crypto Fund A&T Capital
Ant Group Withdrawing From $100 Million Crypto Fund A&T Capital
September 18, 2023  |  Cryptocurrency

Ant Group is reportedly preparing to wind back its investments in the cryptocurrency sector. The Chinese tech giant is unwinding its $100 million investment in venture...

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Ant Group Launches Specialized Large Language Model for Finance Industry
Ant Group Launches Specialized Large Language Model for Finance Industry
September 08, 2023  |  artificial intelligence

Ant Group has launched a financial large language model (LLM) and two applications that it powers in the China market. The financial LLM is a specialized...

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Alipay Debuts ‘International’ Version of Mobile Payment App
Alipay Debuts ‘International’ Version of Mobile Payment App
August 17, 2023  |  Mobile Wallets

Chinese payments platform Alipay has debuted an “International Version” of its app for overseas travelers to China. The new version, announced Thursday (Aug. 17), is...

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Paytm Founder Buying 10% Stake in Company From Ant Group
Paytm Founder Buying 10% Stake in Company From Ant Group
August 07, 2023  |  Acquisitions

The founder of Indian eCommerce and payments firm Paytm is now reportedly also its largest shareholder. Paytm Chairman Vijay Shekhar Sharma is set to purchase a 10.3% stake worth...

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Ant Group Senior VP Peng Yang to Lead International Business Group
Ant Group Senior VP Peng Yang to Lead International Business Group
July 21, 2023  |  Personnel

Ant Group has appointed its senior vice president, Peng Yang, as president of the company’s International Business Group (IBG). Yang will report to Eric Jing,...

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Alipay and Mastercard Offer Cashless Payments to International Travelers to China
Alipay and Mastercard Offer Cashless Payments to International Travelers to China
June 21, 2023  |  Payment Methods

Alipay and Mastercard have teamed up to offer a new payment option for international visitors to China, allowing them to go cashless while traveling around...

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Ant Group Reportedly Won’t Get Financial Holding Company License for Months
Ant Group Reportedly Won’t Get Financial Holding Company License for Months
May 05, 2023  |  International

Ant Group may not see progress on its application for a license from China until the second half of the year or later. The Chinese...

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Ant Group Profit Falls 83% After China Tech Crackdown
Ant Group Profit Falls 83% After China Tech Crackdown
February 23, 2023  |  Earnings

China’s Ant Group’s quarterly profits plummeted following a long-term crackdown on the country’s tech sector.  The FinTech contributed $145 million to its affiliate Alibaba’s earnings,...

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