Chinese fintech Ant Group received approval from the China Securities Regulatory Commission for the Shanghai portion of its blockbuster initial public offering, which is the last step in the review process and a milestone that comes days after it reportedly got a green light for the Hong Kong portion of its highly anticipated dual listing.
Chinese fintech Ant Group received approval on Monday for the Hong Kong portion of its initial public offering, according to reports from Reuters and the South China Morning Post, a move that comes a month after it received regulatory consent to list in Shanghai.
Chinese fintech Ant Group has raised its targeted valuation for its upcoming blockbuster initial public offering from $250 billion to at least $280 billion, Bloomberg reported on Friday.
Chinese fintech Ant Group’s upcoming massive initial public offering is seeing strong interest from retail investors, as evidenced by the CNY 60 billion in proceeds ($8.96 billion) raised by five mutual funds created to invest in the company’s shares, Reuters reported Friday.
Ant Group on Friday unveiled a new cross-border trade finance platform powered by its Blockchain-based unit AntChain in partnership with major global banks as the Chinese fintech readies for its blockbuster initial public offering.
Chinese fintech Ant Group cleared a key hurdle for its blockbuster initial public offering Friday when a committee approved its proposed listing on the Shanghai Stock Exchange’s STAR Market.
Vanguard will be pulling out of Hong Kong and Japan, leading to an undisclosed number of job cuts in both regions, a company spokesperson said on Wednesday.
Chinese fintech Ant Group, the parent company of the Alipay mobile app, has enjoyed solid revenue growth in recent years while its original payments segment has been eclipsed by other financial services, a filing for its upcoming blockbuster initial public offering shows.
Ant Group signed a partnership agreement on Monday with both e-commerce company Alibaba Group, which it is affiliated with, and Bank of China aimed at boosting innovation in China’s financial sector ahead of the fintech’s planned blockbuster initial public offering.
Chinese fintech Ant Group is reportedly planning to launch a consumer finance company to serve China’s domestic market as it prepares for its blockbuster initial public offering.
Fintech company Ant Group said in a new regulatory filing that it has retained financial firms CICC and CSC to assist it with the preparation process ahead of its highly anticipated initial public offering.
Tech conglomerate Tencent Holdings is entering China’s growing investment advisory market months after rival Alibaba Group set up its own advisory business, spurring increased competition in a newly opened market.
Chinese authorities are considering launching an antitrust probe into the nation’s two dominant digital payment platforms, Alipay and WeChat Pay, Reuters reported Friday.
Bank of America has vastly expanded use of its mobile wallet capabilities to corporate clients in 29 countries across the Europe, Asia-Pacific, Middle East and Africa regions, the bank said Wednesday.
Chinese fintech Ant Group, which is controlled by Alibaba Group co-founder Jack Ma, said on Monday that it will have an initial public offering in both Hong Kong and Shanghai.
Ant Financial Services Group, the world’s most valuable tech startup, plans to list an initial public offering in Hong Kong as soon as this year, Reuters reported on Wednesday, sending shares of the firm’s larger affiliate Alibaba soaring.
American Express has become the first foreign credit card company authorized to process local currency transactions in mainland China, a major milestone for card companies that have for years yearned to break into the market.
China's central bank has started testing a digital currency in four cities, with hopes that the electronic currency can be used during the 2022 Winter Olympics in Beijing, local outlets have reported.