Ant Group

SoftBank, Ant Group seek to sell Paytm stake to reduce holding in payments firm – report

China's Ant Group and Japan's SoftBank Group Corp are said to be seeking to sell their stakes in India-based digital payments firm Paytm in the open market, the Economic Times…

Malaysia’s Kenanga partners China’s Ant to develop wealth super app

Malaysia-based Kenanga Investment Bank Berhad (Kenanga) has partnered with China-based Ant Group to develop Malaysia’s first wealth super app. Kenanga said in a statement on…

China’s regulator denies conducting work on Jack Ma’s Ant IPO revival; Ant says no plan to initiate IPO

The China Securities Regulatory Commission (CSRC) said Thursday it is not conducting a review and research work on an Ant Group initial public offering (IPO). The commission has…

Ant Group to become major shareholder of Singapore payment firm 2C2P

Singapore-based payments platform 2C2P and China-based FinTech firm Ant Group announced Monday a strategic partnership to accelerate digital payment adoption and innovation. The…

Ant-backed Indonesia’s Akulaku considers SPAC merger at $2B value – report

Akulaku, an Indonesia-based online lender backed by China-based FinTech giant Ant Group, is considering a US listing via a merger with a blank-cheque company that could value the…

Restaurant Brands International Inc. partners with Ant Group to accelerate digital transformation of its restaurant operations across Asia Pacific

Restaurant Brands International Inc. (RBI), the quick service restaurant company that owns Tim Hortons, Burger King and Popeyes, has announced a regional partnership to leverage…

Ant-backed Ascend Money hits $1.5B valuation with $150M new funding, becomes Thailand’s first tech unicorn

Thailand-based FinTech firm Ascend Money has hit $1.5 billion valuation following its latest $150 million funding, making it Thailand’s first FinTech unicorn. The funds will be…

Singapore’s F&B startup Chope & Alipay forms strategic partnership

Singapore-based F&B tech startup Chope and Alipay, the digital payment platform operated by China-based Ant Group, announced a strategic partnership on Thursday, working together…

Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co

Vietnam one-hour delivery e-commerce startup Loship announced on Wednesday a $12 million pre-Series C funding round co-led by Ant Group-backed venture capital firm BAce Capital…

AIA Malaysia buys minority stake in Ant-backed e-wallet operator TNG Digital

Insurance company AIA Malaysia announced on Monday has made a minority equity investment in TNG Digital, the owner of Touch ‘n Go eWallet, the largest e-wallet company in…