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Ant Group files for IPO in Hong Kong and Shanghai, reporting $3.2B profit in H1 2020, up 1,000% YoY, and revenue of $10.48B, up 38% YoY

- Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020 from the same period last year.

CNBC

Discussion

  • @thestreet @thestreet on x
    Billionaire Jack Ma's Ant Group formally files for an initial public offering in Hong Kong and Shanghai, looking to raise as much as $30 billion, an IPO record https://www.thestreet.com/...
  • @chinarealtime @chinarealtime on x
    Jack Ma's Ant Group filed for its blockbuster IPOs in Hong Kong and Shanghai, disclosing more than one billion annual active users of its Alipay app https://www.wsj.com/...