The process took 2 weeks.
… "Becoming a public company will enhance transparency to our stakeholders," said Eric Jing, executive chairman of Ant Group in the statement.The group, which was spun out of Alibaba Group in 2011, said on Monday that it plans a dual-listing in China's NASDAQ-like STAR board, plus the Hong Kong Stock Exchange.Ant runs Alipay, which has grown into China's dominant mobile payment system and boasts over 900m annual users. Small businesses, on the other hand, can use Alipay to accept payments that help to build a track record based on which Ant Financial can lend to them, he explained."We don't have any timetable for an IPO," Douglas Feagin, president of the international business group at Ant Financial, told CNBC's Deirdre Bosa and Christine Tan on Tuesday.He said Asia was a "huge growth market" and a "key focus for the whole Alibaba economy."Speaking to CNBC's Nancy Hungerford at the conference, Feagin added that the company plans to increase its customer base to 2 billion over the next decade and to "dramatically" grow its users outside China.The biggest "constraint" the company faces is attracting more talent to support business growth, according to Feagin.
In 2017, Ant tried to buy American money-transfer company MoneyGram for $1.2bn but was rebuffed by Washington on national security grounds.These cookies are used to make advertising messages more relevant to you. W hile Alibaba remains the largest IPO ever, Ant Financial Services Group—a spin-off from Alibaba Group—is emerging as a top pre-IPO technology company. Ant Financial has an … We measure how many people read us, and ensure you see relevant ads, by storing cookies on your device.
For more info and to customise your settings, hit “Customise Settings”.The company did not specify a time frame or a fundraising target, but reportedly seeks a $200bn valuation that would make it one of the largest initial public offerings in history.Over the past few years, Ant has shifted its focus to international expansion. If people say no to these cookies, we do not know how many people have visited and we cannot monitor performance.Oh no, you're thinking, yet another cookie pop-up. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We see the 300 million growing dramatically outside of China," he said. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxHe added that the company is expanding into newer areas, such as providing financial services to small and medium-sized businesses.Feagin said the average size of loans his company gives out is around $1,600. 16 Ant Financial Services Group reviews. This is the Ant Financial Services Group company profile. Application. Glassdoor gives you an inside look at what it's like to work at Ant Financial Services Group, including salaries, reviews, office photos, and more. Still, that's not stopping Ant Financial from setting ambitious targets.Data is a real-time snapshot *Data is delayed at least 15 minutes. It has also bought a minority stake in nine Asian jurisdictions - including India, Thailand, Bangladesh, Indonesia, Hong Kong, Malaysia, and South Korea - allowing it to influence the global payments industry without having to apply for local licenses.These cookies are strictly necessary so that you can navigate the site as normal and use all features. Ant Financial Services Group (“Ant Group”) has released its 2020 Corporate Social Responsibility (CSR) report, detailing its efforts to leverage the p The logo of Ant Financial Services Group, Alibaba's financial affiliate, at its headquarters in Hangzhou, Zhejiang province, China. The company currently has over 1.2 billion users around the world, according to Feagin.Get this delivered to your inbox, and more info about our products and services."It's 900 million (users) in China, 300 million outside.
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