Ant Group, previously known as Ant Financial, is Alibaba's fintech arm and the parent company of China's largest mobile payments business Alipay. Jack Ma, founder of Alibaba, said Saturday that the price is likely to be the "world's largest," and it's the ...
Ant sweetens offer for MoneyGram CHINA’S Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the US electronic payment firm’s board, although it still faces regulatory hurdles. Ant’s plans to expand globally with t...
paving the way for the company’s affiliated financial unit,Ant Financial, to move into the headlines with word of plans for a major new fund-raising. But anyone holding Alibaba stock shouldn’t get too excited about Ant, which is separate from the listed company and whose rapid rise will ...
Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO The financial services company controlled by billionaire Jack Ma is set to raise a gargantuan $34 billion. Ant Group, the Chinese financial services company controlled by Alibaba founder Jack Ma, is set to ...
Ant Financial raised its offer from $880 million, or $13.25 per share, to $18 per share after U.S.-based Euronet Worldwide made a $15.20 per share bid. MoneyGram’s board on Sunday unanimously approved the revised bid, which represents a 9% to the companys last traded share price on ...
According to the deal, China-based Primavera Capital invests 410 million U.S. dollars while Alibaba's financial affiliate invests 50 million U.S. dollars. The two will get an eight-percent discount on the average share price of Yum China during the second 30 trading days. ...
Ant Group will announce the IPO’s share price on October 27, according to updated regulatory filings. The listing is expected to set a new world record, surpassing the US$29.4 billion float by Saudi Aramco’s IPO last December. The IPO would also be the first simultaneous listing in Hong...
Eric Jing, Executive Chairman and CEO of Ant Financial, said, “We are pleased to welcome these investors as partners, who share our vision and mission, to embark on our journey to further promote inclusive finance globally and bring equal opportunities to the world. We are proud of, and in...
Recently, Ant Financial rebranded as Ant Group. The business Ant Group has over 900 million users in China for Alipay. But it offers financial products beyond that, including wealth management, loans to businesses and insurance. An employee scans a quick response (QR) code displayed on the Ant...
Ant Financial discloses little, which makes valuing this unquoted group even harder than usual. The mooted value of $150bn is equivalent to about eight times revenues, deriving the latter from estimated fees, payments volumes and market share. Many analysts see that as a stretch. But the multi...