'World focussing only on risk control, not on development; Basel norms irrelevant for China's phase of development'
Despite the US headwinds, Jack Ma's Ant is moving ahead with what could be the world's largest IPO, with same-day listings in Hong Kong and Shanghai, the people said
America is exploring restrictions on Chinese payment services
Zhong Shanshan's net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma's, according to the Bloomberg Billionaires Index
Ant's simultaneous listing in Hong Kong and Shanghai may mark the biggest IPO ever, topping Saudi Aramco's record $29 billion sale
Paytm Money hopes to stand in competitive stock broking industry with features that could allow users to automate the entry, exit and monitoring of investments.
Ant, backed by Chinese e-commerce giant Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai
Raises scrutiny ahead of Ant IPO
China's two largest corporations Alibaba and Tencent are wrestling for online leadership in everything from social entertainment to e-commerce and cloud computing
A 2011 offshoot of Chinese giant Alibaba Group Holding Ltd., the firm has defined and dominates the Chinese payments market through its ubiquitous Alipay app
China sales account for about 95% of Ant's revenue. Yet overseas expansion is destined to become more important to the company
Ant Chairman Eric Jing's fortune will swell to $2.9 billion, and another 17 current and former Alibaba and Ant executives will join the ranks of billionaires
Ant's Alipay service processed $17 trillion in transactions
nt will have an elephant-sized coming out party: With one swoop, the dual listing will invigorate Shanghai's technology-focused Star board and provide some welcome market buzz for Hong Kong
The share sales could raise about $30 billion in total if markets are favorable, said one of the people
Ant is working with Nanyang Commercial Bank Ltd., China TransInfo Technology Corp. and Contemporary Amperex Technology Co. to build a consumer finance platform
Mr Ma, who has now stepped down as the executive chairman of Alibaba, told Mr Modi, 'We are excited about India. We are excited about Make in India and Digital India'
The judge seeks written responses from the company and its executives within 30 days
Ant is planning to list on Shanghai's STAR market & Hong Kong
"It's not like we had a fight," Son said during the virtual shareholder meeting. "This was perfectly amicable."