Ant Group
The Latest
-
Ant Group Appoints Han Xinyi as President in Major Organizational Reshuffle
China's Ant Group, the financial technology giant founded by Jack Ma, is undergoing a significant organizational reshuffle, the biggest since its regulatory revamp last year. According to an internal email from Ant CEO and chairman Eric Jing, Han Xinyi will become the new president of the company, and several key business units will set up their own boards of directors to operate more independently. 
China's Ant Group, the financial technology giant founded by Jack Ma, is undergoing a significant organizational reshuffle, the biggest since its regulatory revamp last year. According to an internal email from Ant CEO and chairman Eric Jing, Han Xinyi will become the new president of the company, and several key business units will set up their own boards of directors to operate more independently. -
Ant Group's 'iPhone Moment': A New Era for AI in Finance?
Three years after the halt of Ant Group's IPO, capital market valuations for the company began to diverge. However, following financial regulations and penalties, Ant Group is gearing up for a fresh start. 
Three years after the halt of Ant Group's IPO, capital market valuations for the company began to diverge. However, following financial regulations and penalties, Ant Group is gearing up for a fresh start. -
Ant Group Scales Down Stake in India's Paytm
As per the announcement released by Paytm on the Indian National Stock Exchange, a subsidiary of Ant Group converted nearly half of its shares in the Indian payment company, Paytm, into convertible bonds on Monday. The deal, based on Paytm's closing price on August 4, comprises 10.3% of its shares, valued at approximately $628 million (45 billion yuan). 
As per the announcement released by Paytm on the Indian National Stock Exchange, a subsidiary of Ant Group converted nearly half of its shares in the Indian payment company, Paytm, into convertible bonds on Monday. The deal, based on Paytm's closing price on August 4, comprises 10.3% of its shares, valued at approximately $628 million (45 billion yuan). -
Ant Group Takes Multiple Actions After Penalty Announcement: Paving the Road to an IPO Restart?
Ant Group and its subsidiaries have taken multiple actions in the past 20+ days. These activities include share buybacks, personnel changes, and rumored preparation for an IPO restart. 
Ant Group and its subsidiaries have taken multiple actions in the past 20+ days. These activities include share buybacks, personnel changes, and rumored preparation for an IPO restart. -
Ant Group Initiates Buyback Following Reforms, Valuation Drops About 40% since 2018 to $78.5 billion
After completing the requisite financial restructuring, Ant Group is poised to initiate a share buyback using its own capital to supplement its employee incentive pool and meet shareholders' liquidity needs, as per reports from Securities Times. The share repurchase, approved by Ant Group's board and submitted to the shareholder meeting for review, will not exceed 7.6% of the total share capital. 
After completing the requisite financial restructuring, Ant Group is poised to initiate a share buyback using its own capital to supplement its employee incentive pool and meet shareholders' liquidity needs, as per reports from Securities Times. The share repurchase, approved by Ant Group's board and submitted to the shareholder meeting for review, will not exceed 7.6% of the total share capital. -
Ant Group's Transformation Culminates with $984 Million Fine; Brighter Future for Chinese Tech Giants in Sight
The Chinese regulatory clampdown on Ant Group, Alibaba's financial affiliate, reached a significant milestone on Friday, as authorities imposed a hefty fine of 7.12 billion yuan ($984 million) on the fintech giant. This penalty, among the largest ever levied on an internet company in China, caps off a turbulent period of regulatory reforms. 
The Chinese regulatory clampdown on Ant Group, Alibaba's financial affiliate, reached a significant milestone on Friday, as authorities imposed a hefty fine of 7.12 billion yuan ($984 million) on the fintech giant. This penalty, among the largest ever levied on an internet company in China, caps off a turbulent period of regulatory reforms. -
Ant Group Fines Expected to Decrease to $700 Million as China Softens Stance
Chinese regulators are reportedly planning to reduce the fine on Ant Group by around 25% from the initially proposed amount of over $1 billion, as they aim to conclude the multi-year crackdown on prominent technology firms. Sources familiar with the matter revealed that the current fine being considered is approximately 5 billion yuan ($728 million). Chinese regulators are reportedly planning to reduce the fine on Ant Group by around 25% from the initially proposed amount of over $1 billion, as they aim to conclude the multi-year crackdown on prominent technology firms. Sources familiar with the matter revealed that the current fine being considered is approximately 5 billion yuan ($728 million). -
Ant Group's micro loan service Huabei begins to share data with China's central bank
China's Ant Group has begun to send its consumer credit data to a database run by China's central bank, a key move for both the company and regulators as Beijing tightens its grip over the financial technology sector. China's Ant Group has begun to send its consumer credit data to a database run by China's central bank, a key move for both the company and regulators as Beijing tightens its grip over the financial technology sector. -
Ant Group Forms New Consumer Finance Entity
Ant Group has formed Chongqing Ant Consumer Finance Co. after getting regulatory approval. 
Ant Group has formed Chongqing Ant Consumer Finance Co. after getting regulatory approval. -
China's Alibaba To Propose New Market Practices
On Thursday, regulators ordered 13 companies, most in the technology sector, to rethink their industry practices. 
On Thursday, regulators ordered 13 companies, most in the technology sector, to rethink their industry practices.
