5, things to Know About Chinas Ant Financial - Briefly - WSJ

15 As of, Ant Financial had around 450 million annual active users, with Credit Suisse estimating that 58 of Chinas online payment transactions went through Alipay. 16 By late January 2017, Ant Financial had a valuation of 60 billion. Bankers have said they expect Ant Financials domestic IPO to come first, potentially as early as next year. Please use this form to report any data issues. In China, everything from laptops to street food is bought using mobile payment apps.

Ant Financial : Alipay owner could be worth 150 billion

It has over the past year bought a stake in Postal Savings Bank of China before its planned 10 billion IPO in Hong Kong, became a cornerstone investor in China Zheshang Banks Hong Kong IPO in March, and invested in Indias largest mobile wallet provider. As it continues to expand outside of China, the company is gearing up to go public in 2017. The Wall Street Journal, Bloomberg and, reuters that cited unidentified sources. "Alipay surpasses PayPal as leading mobile payments platform". Spot which was valued at around 30 billion when it went public last week.

Ant Financial extends dominance in Chinese online finance

For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news. A fresh round of funding would allow Ant "to seek an even better valuation when it eventually goes for the IPO later in the year Liew said.

Ant Financial Services Group : Private Company

15 In September 2016, Ant Financial bought EyeVerify Inc. Ant Financials latest round of fundraising gives it a roughly 60 billion valuation after it was previously valued at about 45 billion last year. Areddy, James (January 27, 2017 A Default in China Spreads Anxiety Among Investors, Wall Street Journal, retrieved January 27, 2017 Roumeliotis, Greg (January 2, 2018). Ant Financial has also teamed up with Alibaba on a number of investments such. For 4 weeks receive full access to the FT's trusted, award-winning news and analysis in digital, print or both.

Ant Financial : Most Innovative Company, fast Company

Related: Chinese company won't take over MoneyGram after failing to get US approval. 9, in 2017, Ant Financial was ranked sixth in Fortune's. The company has 450 million users and processes 58 of all online payments in China.

Ant Financial shows cashless is king

Ant's soaring valuation is a reflection of the rapid rise of mobile payments across Asia. FT Weekend full access to the weekend content. 4 Investment Plans, ant Financial has used its war chest to make a number of acquisitions from China to India that could shape its future business strategy. Choose the subscription that is right for you.

Ant Financial, raises 14B To Fund Global Expansion

To contact Ant Financial Services Group, please visit. Ant Forest allows users to collect "energy points" through their actions in the real world that can be used to grow virtual and ultimately real trees, with 230 million users.