Saturday, October 24, 2020
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Tag: Ant Group

Ant Group Raises Target Valuation to USD$280 Billion

Chinese fintech giant Ant Group plans to raise the target value for its IPO to USD$280 billion according to sources.

Ant Group Comes under Scrutiny for Exclusive Online Fund Sales, Denies”Underwriting Its Own IPO”

Fintech giant Ant Group is facing heavy scrutiny over a potential conflict of interest involving the exclusive sale of investment funds via...

Ant Group’s Alipay Challenges Dominance of Chinese Banks via Online Sale of Mutual Funds

An exclusive sale of mutual fund products by Ant Group's Alipay platform poses a major threat to the prevailing dominance of Chinese...

Ant Group Launches Blockchain-driven International Trade and Financial Services Platform “Trusple”

Chinese fintech giant Ant Group has unveiled a new blockchain-driven platform that facilitates cross-border transactions as well as financing by participating enterprises....

Ant Group Grabs Approval for Launch of Consumer Finance Company in Chongqing

China's banking regulators have given the go-ahead to the launch of a consumer financial vehicle in the central Chinese mega-city of Chongqing...

Ant Group Obtains IPO Approval from Shanghai Bourse, Reportedly Lifts Fund-raising Target to USD$35 Billion

Chinese fintech giant Ant Group has just obtained approval from the Shanghai Stock Exchange (SSE) for its initial public offering (IPO).

CITIC Group Enters Strategic Cooperative Agreement with Alibaba and Ant Group on Fintech and Industrial IoT

State-owned investment company CITIC Group has announced the launch of a cooperative partnership with leading e-commerce and fintech players Alibaba Group and...

Ant Group Denies Reports It Worked with Megvii on Commercialise Usage of Facial Recognition Data

Fintech giant Ant Group has denied reports based on remarks by leading Chinese computer scientist Li Kaifu (李开复) that it has made...

Ant Group’s Fintech Operations Accounted for 63.4% of Revenue in H1 2020

Chinese tech giant Ant Group has released key data on the state of its fintech operations in the lead-up to its initial...

Bank of China Enters “Internet + Finance” Cooperative Agreement with Alibaba and Ant Group

One of China's big state-owned banks has entered a strategic agreement with the country's leading e-commerce and fintech outfits for deeper cooperation...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...