Ant Group

Why it is one to watch: A highly profitable spin-off of Alibaba’s payments division could be the world’s largest IPO, targeting a $313 billion valuation, and because it’ll be double-listed in Hong Kong and Shanghai.

Expected timing: November 5

Type: IPO

S-1: Found here.

Articles & Briefs
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Ant Group Denies Report Jack Ma Mulls Giving Up Control

April 18, 2021 · 7:30 PM PDT
The report comes as the Chinese government tightens its control over Ant and the internet financial sector as a whole.

Beijing Tightens Control Over Ant Group in Major Restructuring

April 12, 2021 · 8:11 AM PDT
Ant, Alibaba's financial technology arm, will become a financial holding company subject to more stringent rules similar to those that apply to banks.

Ant CEO Quits

March 12, 2021 · 5:52 AM PST
The sudden resignation of the Ant CEO follows last year's abrupt suspension of the company's much anticipated IPO amid a Chinese regulatory crackdown on its business.

Chinese Bike Sharing Company Backed by Ant Group Files for IPO

March 10, 2021 · 1:38 AM PST
Hello TransTech, formerly known as HelloBike, has filed confidential paperwork for an IPO in the U.S. and could seek to raise as much as $1 billion.

Alibaba Rival JD.com Said to Postpone Listing Digital Finance Unit After Failed Ant IPO

March 8, 2021 · 2:05 AM PST
JD.com’s apparent decision to withdraw listing its financial affiliate in China’s stock market is fallout from the Chinese government’s killing the Ant Group mega IPO.

Ant Group Tries to Ease Employees’ Concerns With Promise of Future IPO

March 1, 2021 · 10:33 PM PST
The Chinese financial technology giant is trying to prevent employees from leaving after Beijing forced the company to scrap its IPO in November.

China Insurer CEO Says Beijing’s Fintech Crackdown Not Surprising

March 1, 2021 · 1:30 AM PST
Everyone in China's internet finance sector, including Ant Group, knew tighter rules were coming, a Ping An Insurance executive says.

PE Firm Boyu Capital, Famous for Backing Ant and Alibaba, Targets $6 Billion for New Fund

Feb. 24, 2021 · 1:27 AM PST
Fundraising for the $6 billion new fund shows Boyu's optimism after a string of big returns from investments including Kuaishou, but could test investor appetite.

China’s Banking Regulator Issues New Restrictions on Internet Loans

Feb. 22, 2021 · 12:56 AM PST
The new restrictions for banks come as Beijing is stepping up its scrutiny of Ant Group and other online lending platforms.

China Blocked Ant IPO Over Concerns About Politically Connected Shareholders

Feb. 17, 2021 · 2:19 AM PST
Ant's investors who stood to gain from the IPO included those with ties to political families that represent a potential challenge to President Xi Jinping.

Global Investors Are Trapped in Ant Group After Its Failed IPO

Feb. 10, 2021 · 1:45 AM PST
Unusual conditions set for investors in the Ant Group IPO which was supposed to net 80% gains leave many unable to cash out.

Banks to Reduce Consumer Loan Cooperation With Ant Group

Feb. 3, 2021 · 11:22 PM PST
Beijing's regulatory crackdown could force Chinese financial technology giant Ant Group to scale back its consumer credit and loan services.

Ant Group Reaches Agreement With Government to Become a Financial Holding Company

Feb. 3, 2021 · 1:57 AM PST
The deal will turn Jack Ma's fintech giant into a holding company with similar capital requirements and oversight like a bank.

Alibaba CEO: Unable to Assess Impact From Ant Group’s Challenges

Feb. 2, 2021 · 6:24 AM PST
Despite strong quarterly earnings, Alibaba continues to grapple with Beijing's regulatory crackdown on the e-commerce giant and its affiliate Ant Group.

Ant Group Plans Major Revamp Amid Beijing’s Pressure

Jan. 28, 2021 · 1:57 AM PST
Ant, which suspended its $37 billion IPO last year, now plans to turn itself into a holding company supervised by China's central bank.

China Central Bank Chief: Ant IPO Could Resume Once Problems Solved

Jan. 26, 2021 · 11:03 PM PST
While Ant could be allowed to go public in the future, it is unclear how long it will take for the company to resolve all the issues with regulators.

China Bolsters Antitrust Rules Against Online Payment Firms

Jan. 21, 2021 · 12:54 AM PST
The directive comes as China ramps up antitrust efforts against Tencent and Ant Group, which have been allowed to grow relatively unchecked for the past decade.

Jack Ma Makes First Public Appearance in Months

Jan. 19, 2021 · 9:41 PM PST
The Alibaba founder's silence, since his October speech that infuriated China's regulators, had triggered media speculation about his whereabouts and safety.

PayPal Becomes First Foreign Company to Wholly Own Payments Platform in China

Jan. 14, 2021 · 1:57 AM PST
Beijing's loosening restrictions on foreign ownership comes too late given the dominance of China’s two largest payment platforms, Alipay and WeChat Pay.
An advertisement for Tencent's WeChat Pay displayed outside a restaurant in Hong Kong last September. Photo: Bloomberg