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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Jack Ma’s Ant Group Gets Approval to Launch Consumer Finance Company

June 3, 2021 · 3:54 AM PDT
Ant will control half of the new entity, with six other partners owning the rest.

Ant Group Looks to Revamp Healthcare Service Amid Beijing’s Crackdown

May 6, 2021 · 9:27 PM PDT
The Chinese fintech giant continues to face a major restructuring as Beijing tightens its control over online financial services.

Fidelity Halves Valuation of Ant Group Amid Beijing’s Crackdown

May 4, 2021 · 3:33 AM PDT
The steep markdown from the U.S. shareholder comes as Ant faces a major restructuring after Beijing forced the fintech giant to scrap its IPO.

Beijing Investigates Ant Group’s IPO Approval Process

April 27, 2021 · 11:46 PM PDT
The probe shows the Chinese government's crackdown on Ant, controlled by Alibaba founder Jack Ma, is far from finished.

Jack Ma’s Ant Group Could See Its Value Tumble to $29 Billion

April 27, 2021 · 2:30 AM PDT
The Bloomberg estimates represents a big drop from Ant Group's last round of private financing when it was valued at $150 billion.

Ant Group to Offer Employees Zero Interest Loans

April 26, 2021 · 12:45 AM PDT
The offer to borrow money off of employees' stock options comes as morale plummets after last year’s failed IPO.

China’s Central Bank Wants to Control Ant Group’s Data

April 22, 2021 · 11:54 PM PDT
Beijing is tightening its control over China's biggest internet companies and the way they collect data.

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.