Ant Group

Ant Group is proposing to buy back up to 7.6% of shares at a ~$78.5B valuation, almost 70% lower than the $280B market capitalization of its scrapped 2020 IPO

Lulu Yilun Chen / Bloomberg :

Ant Group is proposing a buyback of up to 7.6% of shares at a ~$78.5B valuation, almost 70% lower than the $280B market capitalization of its scrapped 2020 IPO

Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit …

Sources: Chinese state-backed firms are set to take an 80%+ stake in Ant Group's credit scoring joint venture, potentially gaining access to data of 1B+ users

State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three people told Reuters …

Sources: Ant Group is in talks with Chinese state-owned companies to create a credit scoring company that will put Ant's vast data under Chinese control

Sources: Jack Ma's Ant Group has reached an agreement with Chinese regulators to turn Ant into a financial holding company, subject to bank capital requirements

Sources: Jack Ma's Ant Group has reached an agreement with Chinese regulators to turn Ant into a financial holding company, subject to bank capital requirements

- Ma's fintech giant will become a financial holding company  — Ant is still exploring a potential IPO, but timeline unclear

Sources: Ant Group plans to sell its Missouri-based biometric security firm EyeVerify ahead of potential fines and restructuring costs following its aborted IPO

Financial Times :

Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank

Bloomberg :

Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank

- Financial units face stricter regulation in planned structure  — Lifestyle businesses to be excluded from holding company

Singapore issues digital bank licenses to Ant Group, Sea, and joint bidders Singtel and Grab, with operations likely to start in early 2022

not keeping with the hype, MAS sneaked out the results this Friday evening Grab, Sea & Ant were strongly tipped and have been successful https://www.mas.gov.sg/... https://twitter.com/...