Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M
As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
Jack Ma's Ant Group, payments processor for Alibaba, plans a dual listing in Hong Kong and Shanghai, sources say seeking a valuation of $200B+
What you need to know about the dual IPO Paddy Baker / CoinDesk : Alibaba's Ant Group Plans Dual IPOs at Possible $200B Valuation Fortune : Why the world's most valuable unicorn is shunning a U.S. IPO...
Source: Ant Financial is planning to raise ~$1B for a fund that will invest in startups from Southeast Asia to India
- The fund will focus on startups in Southeast Asia, India — Ant wants to invest in payments, risk control startups — Billionaire Jack Ma's Ant Financial …
Alibaba reports Q2 revenue of $16.91B, up 40% YoY, with net income more than tripling to ~$10B due to a one-time gain related its stake in Ant Financial
Source: Paytm is close to raising $2B in funding from Ant Financial and SoftBank, at a valuation of $16B
Saritha Rai / Bloomberg :
Accenture: global fintech funding more than doubled YoY to $55.3B in 2018, with China accounting for $25.5B, boosted by $14B raised by Ant Financial
Despite escalating tensions between the US and China over trade and technology, Chinese companies accounted for nearly half …
Report: Ant Financial accounted for 35% of global VC investment in fintech startups in 2018, raising $14B, almost as much as the $15.9B raised in EU and US
John Detrixhe / Quartz :
China-based bike-sharing startup Hellobike says it has raised “billions of yuan”, or hundreds of millions of dollars, led by Primavera Capital and Ant Financial
Alex Wilhelm / Crunchbase News :
China-based bike-sharing startup Hellobike says it has raised “billions of yuan”, or hundreds of millions of dollars, led by Primavera Capital and Ant Financial
Alex Wilhelm / Crunchbase News :
Shanghai-based Keking, a cloud-based logistics services provider, says it has completed a ~$144M Series C led by Alibaba's Ant Financial and Centurium Capital
Nguyen Thi Bich Ngoc / DealStreetAsia :