A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024
a very elaborate form of an IOU. Process ~30 seconds,then money paid to merchant in local $’
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowd...
Ant Group's profit grew ~193% YoY in the June quarter to $1.05B, reversing a year-long decline as it regains its footing from the Chinese government crackdown
- The Fintech company posted 7.5 billion in quarterly profit — Ant is seeking overseas and artificial intelligence expansion
Ant Group's profit grew ~193% YoY in the June quarter to $1.05B, reversing a year-long decline as it regains its footing from the Chinese government crackdown
Lulu Yilun Chen / Bloomberg :
Chinese regulators approve Ant Group's plan to raise ~$1.5B for its consumer unit, signaling progress in the government-ordered overhaul of the fintech firm
Lulu Yilun Chen / Bloomberg :
Analysis: Fidelity cut its estimate for Ant Group's valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant's failed IPO in 2020
Lulu Yilun Chen / Bloomberg :
Ant Group's $10.3B raise in 2018, its first from non-Chinese investors, promises a combined $8B gain for Silver Lake, Warburg Pincus, and others when Ant IPOs
Sources: Singapore's sovereign wealth fund GIC will invest $1B in Ant Group's IPO, which could raise as much as $35B across its Hong Kong and Shanghai listings
The public's phobia of touching cash amid COVID-19 could help SoftBank popularize mobile payments in cash-addicted Japan; SoftBank has invested $1B+ in PayPay
Masayoshi Son zeros in on Japan, where he is ready to lose billions in a battle to conquer cash Tweets: @nar , @_manish_sharma_ , @rishigautam2011 , @nar , @appurv_gupta , @nar , @haranikkei , @nar , ...
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...