Ant Financial to raise $1 bn for investment fund for India, Southeast Asia startups
5 years, 1 month ago

Ant Financial to raise $1 bn for investment fund for India, Southeast Asia startups

Live Mint  

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said. The internet finance company is looking to back more startups in those regions that focus on payments and online finance, the person said, confirming a DealStreet Asia report. Ant Financial vice president Ji Gang told attendees at a Beijing conference Tuesday that his company was looking to raise a fund, but didn’t specify the amount nor potential targets, according to a blogpost by the conference organizers. China’s largest internet finance operator is bankrolling expansions outside of China to arrest slowing growth at home, where it is also battling Tencent Holdings Ltd. for supremacy in mobile payments and finance.

India Southeast Asia Ant  india  mobile  startups  fund  financial  ant  finance  bn  southeast  asia  raise  internet  person  payments  online  investment

History of this topic

Anthill Ventures plans $100 million hybrid fund for Indian startups, seeks investors planing to diversify from China
8 months, 2 weeks ago

Anthill Ventures plans $100 million hybrid fund for Indian startups, seeks investors planing to diversify from China

Live Mint  

Anthill Ventures is gearing up to launch a hybrid fund targeting the startup sector amid a surge in investor interest in India, Bloomberg reported. Anthill founder and CEO Prasad Vanga said the company plans to raise $100 million for a hybrid private credit and equity fund to support Indian startups specialising in consumer experiences, wellness, and entertainment. Addressing Financing Challenges …

Jack Ma-backed Ant Group to reduce its stake in Paytm: Report
1 year, 10 months ago

Jack Ma-backed Ant Group to reduce its stake in Paytm: Report

Hindustan Times  

Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter. The deliberations follow Ant affiliate Alibaba Group Holding Ltd.’s sale of its stake in Paytm, as the e-commerce giant pared back investments in India amid growing …

China’s Ant Group plans to sell some of its stake in Paytm
1 year, 10 months ago

China’s Ant Group plans to sell some of its stake in Paytm

Live Mint  

Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter. The deliberations follow Ant affiliate Alibaba Group Holding Ltd.’s sale of its stake in Paytm, as the e-commerce giant pared back investments in India amid growing …

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp
2 years ago

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp

The Hindu  

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. The Wall Street Journal reported in July last year, citing unnamed sources, that Mr. Ma could cede control …

Chinese regulators approve capital expansion for Ant Group
2 years ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Chinese regulators probe Ant Group's equity investments
4 years ago

Chinese regulators probe Ant Group's equity investments

The Hindu  

Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma's financial technology empire. Divestments would also significantly scale back Ant's influence over the country's fast-growing fintech industry,where it has sought synergies with its existing businesses via several investments in …

China orders Ant Group to rectify businesses
4 years ago

China orders Ant Group to rectify businesses

The Hindu  

A view of the signage of Ant Group in the headquarters compound of the fintech giant in Hangzhou in eastern China's Zhejiang Province. File Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The meeting came after …

China orders Ant Group to rectify businesses
4 years ago

China orders Ant Group to rectify businesses

The Hindu  

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The meeting came after Chinese regulators last month halted Ant’s $37 billion stock debut in Shanghai and Hong Kong over regulatory changes, and comes just days after China …

China’s Ant said to mull sale of Paytm stake amid tensions with India
4 years, 1 month ago

China’s Ant said to mull sale of Paytm stake amid tensions with India

The Hindu  

Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive landscape, people with direct knowledge of the matter said. A Paytm spokesman said “there has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake.” …

Ant’s IPO fiasco set to clip its wings and dent its value
4 years, 2 months ago

Ant’s IPO fiasco set to clip its wings and dent its value

Live Mint  

China's surprise suspension of Ant Group's record $37 billion listing is set to delay rather than destroy its chances of a stock market debut though the financial technology giant's valuation and growth prospects are likely to take a hit. Under draft rules published on Monday, online lenders in China would have to stump up more of their own capital for …

Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate: Report
4 years, 4 months ago

Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate: Report

Live Mint  

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said. Ant, backed by Chinese e-commerce giant Alibaba Group plans to do a simultaneous listing in …

Jack Ma’s Ant seeks $200bn valuation in dual IPO
4 years, 5 months ago

Jack Ma’s Ant seeks $200bn valuation in dual IPO

Al Jazeera  

Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance. The crown jewel of the sprawling Alibaba empire, Ant has been accelerating its evolution into an online mall for everything …

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources
4 years, 6 months ago

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources

Live Mint  

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning …

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
5 years, 1 month ago

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion

Firstpost  

When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold. In a fresh round of funding, One97 Communications-led Paytm reportedly raised $1 billion at a valuation of $16 billion from new and existing investors, including Japan’s …

Indian startups raise $38.3 billion funding in 2018; e-commerce, fintech attract highest investments: Report
6 years ago

Indian startups raise $38.3 billion funding in 2018; e-commerce, fintech attract highest investments: Report

Firstpost  

Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, fintech, sustainability and renewable energy New Delhi: Indian startups are estimated to have raised $38.3 billion in funding in 2018, behind only the US and China, a report by Yostartups said Thursday. Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, …

Ant Financial unit plans ahead
6 years, 5 months ago

Ant Financial unit plans ahead

China Daily  

Retirees practice yoga in a swimming pool at a gym in Hangzhou, Zhejiang province. Tech firm's wealth management channel soon to offer target-date retirement funds Ant Financial Services Group has invited some younger residents to address their pension options through its wealth management service, just one week after the country's target-date retirement funds received the green light from securities regulators. …

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