Ant Group, owned by billionaire Jack Ma, has launched a digital bank

In Singapore, the fintech behemoth said that its wholly-owned and Singapore-based subsidiary ANEXT Bank will provide financial services to small and medium-sized businesses in the region, with an emphasis on those with cross-border activities. The company, which is led by former DBS CEO Toh Su Me...

GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO

Highlights –

• Global investors value Ant Group at over $200 billion after halting IPO.
• The amount is said to be third above Ant’s valuation after its fundraising in 2018.
• Ant’s business was affected a little by regulatory s...

ALIBABA’S TURN TO REJOICE AMIDST STUNNING PROFITS AND IPO BLACKLISTING

• Chinese e-commerce leader Alibaba on Thursday registered 30% year-on-year revenue growth for the July-September quarter, finally delivering some heartening news amidst turmoil over its Ant Group affiliate's abandoned IPO.
• Hangzhou-based Alibaba stated revenue -- a pivotal m...

ANT GROUP IPO FALLS FROM GRACE WITH SUSPENSION WRITTEN IN BOLD LETTERS

• The Shanghai stock exchange has restricted Ant Group's A-share IPO on its STAR Market, which was previously marked for Thursday, the Chinese exchange said on Tuesday.
• Ant Group has of late reported to China's securities regulator about the significant changes in the reg...

WORLD’S LARGEST IPO TO MAKE SELECT FEW BILLIONAIRES

• Junhan and Junao entities own about half of Ant Group, and at least 19 shareholders have stakes valued at over $1 billion.
• Its the most valued fintech company in the world and is slated to go public in the coming months, attributing early investors and employees with untold ric...