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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
Filter Ant Group Content All Articles Briefs

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

Beijing Tells Media to Censor Coverage of Alibaba Antitrust Probe

Jan. 7, 2021 · 10:57 PM PST
The move indicates how Chinese regulators' crackdown on Alibaba has become a sensitive topic for the Communist Party.

China’s Government Wants Ant Group to Share Consumer Data

Jan. 5, 2021 · 9:50 PM PST
Such a move would be the latest example of Beijing's tightening control over Ant and other Chinese tech giants. 

Jack Ma’s Silence Triggers Media Speculation

Jan. 3, 2021 · 10:26 PM PST
The high profile billionaire hasn't made a public appearance since Chinese regulators spiked the IPO of Ant Group in November.

Chinese Regulators Might Force Ant to Sell Some Investments

Dec. 31, 2020 · 1:40 AM PST
The move would shrink Ant’s size and likely reduce the value of its initial public offering, which was cancelled in early November.

Ant Considers Moving Financial Services to Holding Company

Dec. 29, 2020 · 12:28 AM PST
The move could allow Ant to continue operating financial services despite a crackdown from Chinese regulators

China Cracks Down Further on Ant, Alibaba Shares Slide

Dec. 27, 2020 · 6:55 AM PST · 1 comment
Beijing's escalating crackdown on Ant, whose $37 billion IPO was suspended by regulators last month, could deal a severe blow to the fintech giant's future prospects. 

Jack Ma Offered to Hand Over Parts of Ant Group to Beijing

Dec. 20, 2020 · 5:46 PM PST
Ma's offer highlights how Ant's future—and ultimately the future of China's tech sector—is at the mercy of the Chinese government.

Alibaba and Tencent Fined by Chinese for Violating Anti-Monopoly Laws

Dec. 14, 2020 · 2:04 AM PST
The fines, for about $76,000, amounted to a symbolic slap on the wrist for the internet giants, but show the government is paying more attention to their activities.

Ant Group’s Loans Highlight Risks in China’s Financial System

Dec. 7, 2020 · 2:13 AM PST
The growth of Ant's lending business likely fueled Chinese regulators' concerns about weaker financial institutions with poor risk management capabilities.

Ant Group Said to Consider Selling Its Stake in Paytm

Dec. 2, 2020 · 5:23 AM PST
Both Ant and Paytm denied the report which comes as Ant and its affiliate Alibaba, which also own a stake in Paytm, face a harsh environment in India.

Chinese Online Pharmacy Backed by JD.com Raises $4 Billion in IPO

Dec. 2, 2020 · 12:50 AM PST
The stock market debut of the healthcare app was the second-largest Hong Kong IPO this year, showing Ant Group's failed IPO isn't discouraging investors.

Jack Ma’s Ant Unlikely to IPO Before 2022

Nov. 30, 2020 · 2:09 AM PST
Jack Ma's online financial services and digital payment platform is scrambling to come up with ways to comply with new rules in China.
Alibaba founder Jack Ma. Photo by Bloomberg

Decision to Spike Jack Ma’s Ant Group IPO Came from President Xi Jinping

Nov. 12, 2020 · 10:04 PM PST
The extraordinary rebuke to China’s most lauded tech entrepreneur whose apps have become embedded in the daily lives of hundreds of millions of Chinese shows the fragile status of private enterprise under the authoritarian regime.

Analysts Slash Estimates of Ant Group Valuation By Half After IPO Suspended

Nov. 8, 2020 · 7:45 PM PST
Such a sharp revision in Ant’s value would make it worth less than when investors such as Silver Lake Management and Warburg Pincus invested in it two years ago.

Alibaba CEO: “Actively Evaluating” Impact of Ant IPO Halt

Nov. 5, 2020 · 7:46 AM PST
The last-minute suspension of Ant Group's $37 billion IPO already has hurt Alibaba's New York-listed stock.