Browsing: Financial

Alibaba to acquire 33pc stake in Ant Financial, clearing the way for Alipay operator’s IPO

Alibaba Group Holding has agreed to acquire a 33 per cent stake in affiliate Ant Financial Services, deepening the e-commerce company’s participation in China’s fast-growing financial technology sector and paving the way for the public listing


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Squeezed margins, ‘new retail’ and possible Ant Financial IPO – five takeaways from Alibaba’s Q3 earnings

1. Alibaba stake in Ant Financial paves the way for payments company to go public Alibaba Group Holding, which owns the South China Morning Post, said late on Thursday that it would gain a 33 per


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Ant Financial plans equity fundraising at potential US$100 billion valuation

China’s Ant Financial Services Group is planning to raise up to US$5 billion in fresh equity that could value the online payments giant at more than US$100 billion, people familiar with the move said. A fundraising


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Ant Financial to issue China’s first security backed by loans to online retailers

Ant Financial Services Group, operator of online payments service Alipay, has received regulatory approval to launch China’s first traded security backed by loans to online retailers, opening up a new financing channel for the e-commerce industry.


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