Tagged: alibaba

November 26, 2020 @ 4:27 pm By Omar Faridi  |  

Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory requirements. As reported recently, Daniel Zhang, Chairman of Alibaba Group Holding (NYSE:BABA), noted… Read More

November 23, 2020 @ 9:48 pm By Omar Faridi  |  

The management at Alibaba Group Holding (NYSE:BABA) has stated that they are planning to comply with China’s updated Fintech regulations after the nation’s changing regulatory environment led to Ant Group‘s initial public offering (IPO) getting suspended. Daniel Zhang, Chairman of Alibaba Group, noted during a… Read More

November 4, 2020 @ 1:44 pm By JD Alois  |  

In a crushing move by the Shanghai Stock Exchange, Ant Group’s highly anticipated listing on the exchange was suspended, hitting pause on what was poised to be the largest public offering of a Fintech ever. Ant Group was planning to simultaneously list on both the… Read More

November 3, 2020 @ 8:56 am By JD Alois  |  

Following a meeting with Chinese regulators, Ant Group’s listing on the Shanghai exchange has been postponed. Poised to become the largest ever Fintech IPO at $34 billion, the hurdle is a disappointing twist for founder Jack Ma – one of the wealthiest entrepreneurs in the… Read More

October 22, 2020 @ 9:40 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

October 19, 2020 @ 7:58 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

October 5, 2020 @ 10:53 pm By Omar Faridi  |  

Chinese e-commerce giant Alibaba Group’s (NYSE:BABA) cloud services business may now be on track to generate profits as it continues to receive support from China’s evolving digital economy. Last year, Alibaba Cloud had been ranked as the third-largest infrastructure-as-a-service provider, which is right behind Amazon… Read More

September 19, 2020 @ 12:59 pm By Xu Gao  |  

Cloud Computing PaaS Startup BoCloud Completes Series D Round of financing On September 17th, cloud computing PaaS [platform as a service] and multi-cloud management startup BoCloud announced the completion of its series D round of financing. The investment was provided by Guoxin Venture Capital, Xinhuan… Read More

September 12, 2020 @ 11:24 am By Omar Faridi  |  

Temasek Holdings, a major Singapore state investor, is reportedly looking into making a potential investment in the planned initial public offering (IPO) of Chinese Fintech giant Ant Group, which might be the world’s largest iPO. GIC Pte Ltd, which is Singapore’s sovereign wealth fund (one… Read More

August 29, 2020 @ 6:09 pm By Xu Gao  |  

Cybersecurity Insurance Provider Yuanbao Tech Completes A Round of Financing led by GL Ventures On August 28th, cybersecurity insurance service provider Yuanbao Tech announced that it had completed a ¥ 10-million-level A round of financing. The investment was led by GL Ventures, with participation from… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 21, 2020 @ 9:19 am By Omar Faridi  |  

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

July 9, 2020 @ 11:26 am By JD Alois  |  

  Ant Financial, part of the mega-tech group Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong that will value the firm at a massive $200+ billion valuation, according to a report. Earlier this year, the company changed its legal name in… Read More

July 5, 2020 @ 12:19 pm By Xu Gao  |  

2020 CB Insights China Fintech 50 List Released On June 29th, CB Insights China announced the first CB Insights China Fintech List (the List) at the “Future of Fintech China” summit in Shanghai. Fintech companies were evaluated based on a unique DPTC system, namely Depth,… Read More

June 15, 2020 @ 10:33 pm By Omar Faridi  |  

The rise of Chinese Fintech firms as major industry participants across Asia is playing a vital role in transforming the region’s financial services ecosystem. Joe Ngai, partner at consultants McKinsey & Co, confirmed: “Chinese Fintech companies have been expanding overseas.”  In 2016, Ant Financial, the… Read More

June 2, 2020 @ 11:19 am By JD Alois  |  

Alibaba (NYSE:BABA), one of the largest tech firms in the world, has announced a new shipping service that includes a trade financing option. The financing is provided in partnership with MTS a Fintech that offers “credit as a service.” Alibaba Freight seeks to engage with… Read More

May 18, 2020 @ 9:31 pm By Omar Faridi  |  

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA), has teamed up with Digital Money Myanmar (Wave Money), in order to promote financial inclusion and help the country’s unbanked and underbanked population. Ant Financial will offer its expertise in mobile and… Read More

April 23, 2020 @ 1:30 am By Omar Faridi  |  

Over 70 Chinese financial services companies, including all state-managed banking institutions and the nation’s largest technology firms, are currently using some type of blockchain or distributed ledger technology (DLT)-enabled financial applications. This, according to the Industrial and Commercial Bank of China (ICBC), a multinational Chinese… Read More

March 22, 2020 @ 5:41 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

March 21, 2020 @ 5:00 pm By Xu Gao  |  

Alibaba’s DingTalk Builds International Medical Expert Communication Platform to Help Combat the Outbreak of COVID-19 On March 19th, Alibaba’s DingTalk launched the International Medical Expert Communication Platform. It provides a means of free communication, hosted on Alibaba Cloud, for medical workers all around the world… Read More