Ant Group

Ant Group spent a record ~$2.9B on research in 2023, as the Alibaba affiliate develops its BaiLing LLM; Ant and affiliate MYbank served 87M businesses by 2023

Xinyi Luo / Bloomberg :

Beijing-based generative AI startup Beijing Zhipu Huazhang has raised ~$342M from Alibaba, Tencent, Ant Group, Xiaomi, HongShan, Meituan, and others in 2023

Jane Zhang / Bloomberg :

Ant Group unveils a financial LLM for wealth management and insurance services, powering two tools: Zhixiaobao, for consumers, and Zhixiaozhu, for professionals

Ant Group debuts ZAN, a blockchain service aimed at institutional clients and individual Web3 developers in overseas markets, including Hong Kong and Singapore

Timmy Shen / The Block :

Filing: Paytm founder and CEO Vijay Shekhar Sharma becomes the company's biggest investor, with a 19.42% stake, after acquiring shares from China's Ant Group

Filing: Paytm founder Vijay Shekhar Sharma became the biggest investor in the company, with a 19.42% stake, after he acquired shares from China's Ant Group

Billionaire Vijay Shekhar Sharma, the founder and chief executive officer of India's biggest digital payments company …

Alibaba's stock fell 8.1% on Thursday after its Ant Group unit said it has no plans to revive its IPO and a key regulator said it had not evaluated the listing

Arjun Kharpal / CNBC :

Alibaba drops as much as 8% after its Ant Group unit said it has no current plans to revive its IPO and a key regulator said it had not evaluated the listing

- Alibaba shares dropped 8% on Thursday after its financial affiliate Ant Group said there were currently no plans to revive a public listing.

Globe Telecom's Mynt, which operates mobile wallet app GCash, becomes the first tech unicorn in the Philippines after raising over $300M at a $2B+ valuation

the fintech backed by Alibaba's Ant Group BUT Mynt is really a corporate play since it span out of Globe Telecom Still, progress for a country that has lagged its peers with startup creation and inves...

M-DAQ, a Singapore-based SaaS provider for ecommerce and tech companies to facilitate cross border transactions, raises ~$200M Series D from Affinity

Asian private equity giant Affinity Equity Partners has made an investment of US$200 million into M-Daq, a Singapore-based fintech company backed by Ant Group, in a series D round.