Ant Group
-
{
- All
- News
-
Jack Ma's Ant Group Unveils R1 Humanoid Robot To Advance China's AI Push
Jack Ma-backed Ant Group Co. showcased its first humanoid robot on Thursday, formally joining an intensifying effort by Chinese companies to compete with the US in commercialising frontier technology.
-
In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
-
Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
-
Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease
Tencent revenue grew just 8 percent in the fourth quarter, the slowest pace since it went public in 2004, reflecting regulatory scrutiny that has hurt both its gaming business and advertising sales.
-
Ant Group’s Consumer Finance Unit to Boost Its Capital to $4.7 Billion, Introduce New Investors
China's Ant Group will see its capital increased to CNY 30 billion (roughly Rs. 35,377 crores) from CNY 8 billion (roughly Rs. 9,434 crore) with its consumer finance unit introducing 4 new strategic investors, an exchange filing released on Friday said.
-
Paytm Shares Priced at Rs. 2,150, at Top of Range, in Rs. 18,300-Crore IPO
Paytm has priced its shares at Rs. 2,150 rupees each, the top of its price range, in its Rs. 18,300-Crore initial public offering (IPO), a prospectus showed.
-
Paytm IPO Subscribed 48 Percent as Firm Heads Into Last Issue Day, Garners Bids for 23.5 Million Shares So Far
Paytm's IPO of up to Rs. 18,300 crore was subscribed 48 percent on the second day of the issue period, receiving bids for 23.5 million shares, stock exchange data showed.
-
Paytm Kicks Off India’s Biggest-Ever IPO
Paytm looks to raise nearly $2.5 billion (roughly Rs. 18,527 crore) via India’s biggest-ever initial public offering IPO. Investors can now subscribe for Paytm shares before the company is listed on the stock exchange.
-
Paytm Allocates Shares Worth Rs. 8,235 Crore, Signs Up Over 100 Institutional Investors for IPO
Paytm said it has allocated shares worth Rs. 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market listing.
-
Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
-
Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
-
Jack Ma's Ant Group Unveils R1 Humanoid Robot To Advance China's AI Push
Jack Ma-backed Ant Group Co. showcased its first humanoid robot on Thursday, formally joining an intensifying effort by Chinese companies to compete with the US in commercialising frontier technology.
-
In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
-
Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
-
Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY in a Proposed US Bill
US Republican senators have proposed a new bill that bars app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency. The proposal comes amid fears that the payment system could allow Beijing to spy on Americans.
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease
Tencent revenue grew just 8 percent in the fourth quarter, the slowest pace since it went public in 2004, reflecting regulatory scrutiny that has hurt both its gaming business and advertising sales.
-
Ant Group’s Consumer Finance Unit to Boost Its Capital to $4.7 Billion, Introduce New Investors
China's Ant Group will see its capital increased to CNY 30 billion (roughly Rs. 35,377 crores) from CNY 8 billion (roughly Rs. 9,434 crore) with its consumer finance unit introducing 4 new strategic investors, an exchange filing released on Friday said.
-
Paytm Shares Priced at Rs. 2,150, at Top of Range, in Rs. 18,300-Crore IPO
Paytm has priced its shares at Rs. 2,150 rupees each, the top of its price range, in its Rs. 18,300-Crore initial public offering (IPO), a prospectus showed.
-
Paytm IPO Subscribed 48 Percent as Firm Heads Into Last Issue Day, Garners Bids for 23.5 Million Shares So Far
Paytm's IPO of up to Rs. 18,300 crore was subscribed 48 percent on the second day of the issue period, receiving bids for 23.5 million shares, stock exchange data showed.
-
Paytm Kicks Off India’s Biggest-Ever IPO
Paytm looks to raise nearly $2.5 billion (roughly Rs. 18,527 crore) via India’s biggest-ever initial public offering IPO. Investors can now subscribe for Paytm shares before the company is listed on the stock exchange.
-
Paytm Allocates Shares Worth Rs. 8,235 Crore, Signs Up Over 100 Institutional Investors for IPO
Paytm said it has allocated shares worth Rs. 8,235 crore to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market listing.
-
Jack Ma's Terrible Year Ends With Uncertainty Over Ant Group's Record IPO
Jack Ma, founder of Ant Group, finds himself in a situation where the registration for Ant's $35 billion initial public offering is set to officially expire Wednesday after China snuffed out the biggest IPO in history.
-
Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
