Ant Financial Archives - Page 3 of 4

Ep. 11: After Alibaba, Team Jack Ma’s Newest Centacorn: Ant Financial

What do you call a unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn – Ant Financial.

Ant Financial Launched World’s First Blockchain Cross-Border Remittance Service

Alibaba has co-launched the world’s first blockchain cross-border remittance service on June 25.

$14 Billion Series C Round for Alibaba-Affiliate Ant Financial

Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.

9 Chinese Companies Made It onto Mary Meeker’s Internet Trends Report

Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.

Alibaba’s Financial Report – Best Fiscal Year with $39.3 Billion in Revenue

Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.

Two New Money Market Funds Join Ant Financial’s Yu’e Bao Platform

On May 3rd, Alipay announced the addition of two new money market funds to Yu’e Bao, the idle funds management platform within the Alipay app with the world’s largest money market fund.

Ant Financial entering Bangladesh in Partnership with bKash

The leading mobile financial services provider of Bangladesh, bKash Limited and Ant Financial Services Group, operator of Alipay, announced a strategic partnership on April 26 to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.

A Green Movement with 300 Million Participants and 13 Million Trees

In April, Pandaily went to Ordos, China with Ant Forest and its users, to participate in a green movement involving 300 million people — Ant Forest. Ant Forest is a special feature of Alipay, a payment app and platform under Ant Financial, that was created as a social corporate responsibility (SCR) project.

Ant Financial Launches ATEC AI Competition for AI-Related Financial Solutions

On April 25, 2018, Ant Financial launched the 2018 ATEC AI Competition in Hangzhou, China. As a renowned financial service group in China, the company has partnered with Chinese and international universities including the University of California, Berkeley and Imperial College London, to put forward discussions and explorations of AI-related financial solutions.

Ant Financial to Work with United Nations in Tackling Global Poverty

On April 18th, The International Fund for Agricultural Development (IFAD) and Ant Financial Services Group signed a Joint Declaration of Intent to explore ways to contribute to economic development in rural areas and to reduce rural poverty in China and other developing countries.

Alibaba Co-founder Lucy Peng Steps Down from Ant Financial

Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role.

Conversation with Founder of Ele.me after $9.5B Acquisition by Alibaba

On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will serve as the CEO of Ele.me, and there will be no differentiation between the teams of the two companies.

Chinese mobile payment Alipay penetrates 8 Southeast Asian countries

Chinese mobile payments have made new moves in going abroad. On March 15, Ant Financial’s Alipay platform entered the markets in Cambodia, Laos, the Philippines and Burma to serve Chinese tourists.

Pakistan’s Telenor Group and Ant Financial reached a strategic partnership

Telenor Group has reached a strategic partnership agreement with Ant Financial in Pakistan, where Ant Financial will invest USD 184.5 m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services.

Ant Financial to Raise $5B, May Go Public in Two Places

Financial Times reported that Ant Financial is planning to raise $5 billion in a new funding round.

Ant Financial: the Number of Blockchain Patents Ranks the First, Irrelevant with ICO

China far outnumbers the US in blockchain patents and leads the world, according to the latest blockchain patent list. Alibaba is the world’s leading enterprise in terms of number of patents published for blockchain technology. All of its 49 patents came from the Ant Financial technology laboratory.

Chinese Capital Mergers with US Companies Fall 80%, Ant Financial Halts MoneyGram Acquisition

MoneyGram International and Ant Financial announced they had formally terminated their planned merger on January 3. Ant Financial will pay MoneyGram $30 million as a cancellation fee.

Alipay, Ant Credit Bring Online Credit Payments to China’s Hospitals

Alipay, Zhima Credit, Ant Credit Pay and Linking Cloud jointly launched Medical Service on Credit, a medical product designed to reduce the need to queue for services, on November 7.

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba‘s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

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