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Ant Group plans restructuring, paving way for Hong Kong IPO: Report

July 26, 2023 10:43 am

The Alibaba Group affiliate is looking at excluding its blockchain, database management services and international businesses from a main entity that will be used to apply for a financial holding license in China, a report said.

Jack Ma steps down from Ant Group: What comes now for China’s tech sector?

January 09, 2023 7:13 am

Ma previously possessed more than 50 per cent of voting rights at Ant but the changes will mean that his share falls to close to 6 per cent.

Billionaire Jack Ma is giving up control of Chinese fintech giant Ant Group

January 08, 2023 8:12 am

Ma has mostly disappeared from public view since giving a speech that criticized Chinese regulators on the eve of the scuttled Ant listing in 2020.

Paytm set for trading debut after $2.5 billion IPO

November 18, 2021 8:40 am

Paytm, which counts China's Ant Group and SoftBank among its backers, raised $1.1 billion from institutional investors and last week received $2.64 billion worth of bids for the remaining shares on offer.

Jack Ma’s Ant Group to be financial holding firm in overhaul forced by China

April 13, 2021 9:46 am

Ant will now effectively be supervised more like a bank, a move with far-reaching implications for its growth and ability to press ahead with a landmark initial public offering that the government abruptly delayed late last year.

Ant Group's valuation seen dropping to $108 billion on crackdown

January 22, 2021 11:36 am

Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value of Ant’s Alipay service by half, according to senior analyst Francis Chan.

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Jack Ma emerges for first time since crackdown on Ant and Alibaba

January 20, 2021 10:38 am

China’s most recognizable entrepreneur addressed scores of teachers on an online conference Wednesday, part of an annual event the billionaire hosts to recognize the achievements of rural educators. His appearance, first reported in a local blog, was confirmed by people familiar with the matter.