Alibaba Group News

Ant Group Eyes Raising $17.5 Billion via Hong Kong IPO Without Cornerstone Investors

China’s Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from institutional investors even without lock-up commitments, sources said. Backed …

Taiwan Claims Alibaba-Linked Site Is Cyber Security Risk

Taiwan declared an e-commerce platform linked to China’s Alibaba Group a potential security risk and has told its operator to register as a company from the rival mainland or dispose of its ownership stake. The order adds to mounting pressure …

Alibaba’s Ant Group Files for Dual Listing; Could Be World’s Largest IPO Ever

Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the …

Alibaba’s Ant Group Makes Preparatory Filing in China for Giant IPO

Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. The group, China’s biggest mobile payments company, said in July it had …

Google Partners with Indian Banks to Attract Users to Its Digital Payments Services

Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital …

Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm

Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate …

Ant Financial About To Reap $10 Billion in Fundraising Round

Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according …

China’s Zhong An to Sell 5-10% Stake to Raise Funds Before Planned IPO

Zhong An Online Property & Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan ($1.45 billion), ahead of a planned initial public offering in mainland China, …

Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global

Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group Holding Ltd.’s online finance arm, will offer …

AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership

AXA, Alibaba and Ant Financial Services have formed a global strategic partnership to explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce platforms. The companies plan to work together to develop products and services, while developing …