Ant Group

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…

Fintech, smartphone digital banking

Singapore now has 4 digital banks after MAS grants licences to Grab-Singtel, Sea Group, Ant Group, and Greenland Financial

The Grab Holdings Inc. and Singtel partnership to operate a digital bank gets a nod from the Monetary Authority of Singapore (MAS), allowing the consortium to accept deposits and…

Ant Financial, Ant Group, Jack Ma, Alibaba

Jack Ma’s fintech giant Ant: a brief history of its Southeast Asia empire building

Now we know that Ant Financial—or Ant Group, as we apparently must call it from now on—is ready for dual IPOs pretty soon, it’s a good time to remember that the Alibaba spinoff…