Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Alibaba's (NYSE:BABA) fintech affiliate Ant Financial could go public in Hong Kong soon, according to Reuters. Alibaba Group Holding Ltd. will buy 33 percent of Ant Financial, helping to clear the way for an initial public offering of the Chinese payments giant. To make it easy to do business anywhereCompany ProfileAnt Financial Services Group, officially established in October 2014, is an innovative technology provider that aims to bring inclusive financial services to the world. Ant Financial is the world's highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares. We do not pursue size or power; we aspire to be a good company that will last for 102 years.
We will work with Alibaba Group to push forward the goals of the Alibaba digital economy for 2036: to serve 2 billion global consumers, empower 10 million profitable businesses and create 100 million jobs.Our History and Timeline An affiliate of Chinese eCommerce giant Alibaba Group Holding (NYSE: BABA) is rebranding and changing tack, according to media reports. FILE PHOTO: The logo of Ant Financial Services Group, Alibaba's financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. The report, which cites two people familiar with the matter, claims Ant … In March 2019, The Wall Street Journal reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the biggest in the world, with over 588 million users of Ant's mobile payments network Alipay contributing, more than a third of China's population. AliExpress - A Global Buy & Global Sell Platform Eric JING, Chairman and CEO of Ant Financial September 23-24, 2019 Hangzhou, China Ant Financial - A Global Leading TechFin Company Ant Fortune offers hundreds products from more than 80 Chinese fund institutions.In June 2017, Ant Fortune launched a Fortune Account (财富号) service platform that allows financial institutions to publish content and sell their financial products there.
In March 2019, By late January 2017, Ant Financial had a valuation of $60 billion.In September 2017, Ant Financial formed a joint venture with Sir On 9 June 2018, the company raised around US$14 billion, which the In November 2019, the company announced to be raising $1 billion for a new fund, with the aim to expand the firm's investment activities in In January 2020, Ant Financial has applied for a digital banking licence in Singapore.Ant Financial is in discussions with banks to revive plans for an Driven by the growing numbers of Chinese tourists around the world, Ant Financial has sought to expand its services into On 14 February 2019, Ant Financial acquired the British international money transfer services provider WorldFirst for $700 million.In March 2019, UK's It operates In September 2018, the company launched the Ant Financial Technology brand for all of its technology products and services.In 2015, Alibaba and Ant Financial Services Group created financial company In 2015, Ant Financial launched Ant Fortune, a wealth management platform. Yu’e Bao is one of the products on the platform. As a member of the Alibaba digital economy, Ant Financial is working hand in hand with Alibaba Group to make it easy to do business anywhere across the world.
Alibaba holds a 33% stake in Ant Financial, which is seeking an IPO in Hong Kong. Through our innovative technologies, Ant Financial is committed to helping global consumers and small-and-micro enterprises gain access to inclusive financial services that are secure, green, and sustainable, creating greater value for society and bringing equal opportunities to the world. As a member of the Alibaba digital economy, Ant Financial is working hand in hand with Alibaba Group to make it easy to do business anywhere across the world. Headquartered in Hangzhou, China, we are the operator of Alipay, an online payment service launched in 2004 which has since evolved into the world’s largest payment and lifestyle platform.