China sales account for about 95% of Ant's revenue. Yet overseas expansion is destined to become more important to the company
Alibaba, which has fuelled the growth of several Indian start-ups, will not put in fresh funds to expand its investments in the country for at least six months, the sources said
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 initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market
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 commission was also concerned about information security as user data was sent back to China
Investors who want to cheer a recovery for China's largest e-commerce company should keep in mind what it is they're celebrating
Private sector lenders Axis Bank, HDFC Bank, IndusInd Bank, and ICICI Bank are among the top six most-tracked, with at least 56 analysts giving their views on their stocks
Ant will hold about a 50 per cent stake, while Nanyang Commercial and TransInfo will own 15 per cent and 10 per cent, respectively, of the new firm
Trump has been piling pressure on Chinese-owned companies, such as by vowing to ban short-video app TikTok from the United States
The move also comes amid escalating geo-political tensions between the United States and China and tightening scrutiny of US-listed Chinese firms
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
Stake sales in Reliance's digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook
Global tech leaders from Facebook to Intel are looking for multiple ways to grab a slice of the action in the South Asian country, where millions of first-time internet users are added every month.
"It's not like we had a fight," Son said during the virtual shareholder meeting. "This was perfectly amicable."
Sprint, which Son loaded up with debt and made repeated attempts to merge with T-Mobile before successfully closing the deal in April, has delivered an internal rate of return of 25%, Son said
The bloody clash between Indian and Chinese troops in Ladakh last week has sparked a popular demand for the shunning of Chinese products, ranging from apps to mobile phones.