Page 3 - Ant Group

Jack Ma's Ant Group gets go-ahead for consumer lending unit in sign of thaw

Chongqing Ant Consumer Finance Co will have registered capital of 8 bn yuan ($1.3 bn), and Ant will hold a 50% stake

Jack Ma's Ant builds policy, govt relations team for push in Asian markets

Staff of just under 10 staff to prioritise markets in Southeast Asia, Hong Kong, and Macau; Europe will be target as well.

Paytm shares soar over 80% in grey market on hopes of a killing in IPO

The Ant Group-backed firm has got in-principle nod from its board to raise Rs 22,000 cr; IPO is expected to hit the market before end of calendar year

Alibaba aims to report strong financial earnings, after $260 billion slide

Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.

Fidelity halves valuation of Ant Group after Chinese crackdown: Report

The $144 billion valuation compares with an appraised value of $295 billion as at the end of August, the report said

Ant Group denies report it's exploring ways for Jack Ma to sell stake

The company hoped that Ma's stake would be sold to existing shareholders in Ant or its e-commerce partner Alibaba Group Holding Ltd., Reuters said

Ant explores ways for Jack Ma to exit as China piles pressure: Report

Ant Group is exploring options for founder Jack Ma to divest his stake and give up control, say sources

Ant Group to be financial holding firm in overhaul forced by China

Jack Ma's firm to fold all financial operations into holdco

Chinese regulator orders Ant Group to carry out a major overhaul

Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Tencent Holdings profit beats expectations even with tech crackdown

Regulators are said to be considering forcing the firm to overhaul its promising fintech division in a similar fashion to Jack Ma's Ant Group Co

Food delivery start-up Zomato planning to file $650 mn IPO next month

Deliberations are ongoing and details of the offering such as size and timeline could change

Global investors value China's Ant Group at over $200 billion: Report

The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO

China's Ant Group CEO Simon Hu departs amid regulatory-driven revamp

Hu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, the financial technology giant said

Ant Group publishes financial self-discipline rules amid Chinese scrutiny

Chinese regulators have tightened their grip on fintech companies, amid concerns over systemic financial risks brought by the financial empire affiliated to China's e-commerce giant Alibaba Group

Ant employees expected a windfall, but are stuck with unsellable shares

The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering

Amid employee concerns, Ant says will find solution for unsellable shares

Ant suspended a share buyback program for current and departing staff in July to prepare for the IPO

Ant Group plans to hive off credit data in revamp; sees IPO in 2 years

Ant's restructuring plan, which Reuters reported on Wednesday, could ease billionaire founder Jack Ma's regulatory woes

China's Ant to hive off credit data in revamp; sees IPO in 2 years: Report

Ant's restructuring plan could ease billionaire founder Jack Ma's regulatory woes

Ant Group reaches agreement with Chinese regulators on overhaul

Ma's fintech giant will become a financial holding company

Ant Group reaches deal with Chinese regulators on restructuring: Report

An announcement about the restructuring, which will result in the company being subject to capital requirements similar to those for banks, could come before the start of China's Lunar New Year holida