Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public offering (IPO), dispelling market speculation it would soon go public. The Chinese company shocked investors in November 2020 by cancelling its US$39.7 billion IPO in Hong Kong and Shanghai less than 48 hours before market … Read more
Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move to drive new growth. The company will establish the Digital Payment Business Group and Alipay Business Group, and adopt a “rotating presidential system” for the … Read more
Jack Ma, the founder of Alibaba Group Holding, gave a rare public speech at the 20th anniversary of the company’s fintech affiliate Ant Group, saying he had faith in the “next 20 years of Ant” and expects “more miracles”, according to Chinese media reports and people who were there. Ma’s attendance at the evening event … Read more
Ant International reported a robust growth across its core business segments following a spin-off in March as its mainstay cross-border mobile payment platform Alipay+ connects more consumers and merchants worldwide. The Singapore-based overseas unit of Ant Group said its four business pillars – Alipay+, Antom, WorldFirst and Embedded Finance – have delivered strong performance over … Read more
Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, which would help businesses reduce transaction costs and better allocate resources, the company said in a statement on Thursday. “Integration of AI into the processing of cross-border transactions is of … Read more
Ant Group, the fintech affiliate of Alibaba Group Holding, will kick off a new round of dividend payments to all eligible shareholders and employees who hold equity incentives, according to reports this week by several state-owned Chinese media. The company’s new dividend distribution plan, which was approved during a recently convened shareholders meeting, was “formulated … Read more
The fictional Jarvis – an acronym that stands for “Just a Rather Very Intelligent System” – is a sophisticated AI assistant that made its debut in the 2008 film Iron Man, in which it manages and operates the internal systems of Stark’s laboratory, home and superhero armours. Ant Group, the fintech affiliate of Alibaba Group … Read more
