Ant Financial

Ant Financial

A venture capital firm in China that focuses on bringing inclusive financial services to the world.

Ant Financial is a financial technology company in China that focuses on bringing inclusive financial services to the world. The company was founded 2014 in HangzhouZhejiang, China by Lucy Peng. Jack Ma, founder and former CEO of Alibaba Group.

Corporate investing

Ant Financial's portfolio companies include Anyscale, eMonkey, Klarna, One97, Ubox, and Zomato. As of March 2020, Ant Financial has made 75 investments. Their most recent investment was on March 4, 2020 with Klarna. Ant Financial has had multiple exits, which include 36Kr, ELEME, and Alibaba Health Information Technology.

Timeline

August 25, 2020
Jack Ma's Ant Group files for Hong Kong-Shanghai IPO, says H1 2020 profit rose 1,000%
2019
Ant Financial generates $17.1 billion in revenue generating about $2.43 billion in profit.
June 7, 2018
Ant Financial raises a $14,000,000,000 series C round.
May 17, 2017
Ant Financial raises a $3,500,000,000 venture round.
April 22, 2016
Ant Financial raises a $4,500,000,000 series B round from Primavera Capital Group and CCB International.
October 2014
Ant Financial was founded by Lucy Peng.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Ant Financial funding round, June 2018
14,000,000,000
June 7, 2018
4 Results
Results per page:
Page 1 of 1

Products

Product
Description
Launch date
Industry
Website
Alipay

Online payment platform in China

1 Result
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Jerry Sung

Vice President

June Gao

Product Manager

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Anyscale

eMonkey

Klarna

One97

Ubox

Zomato

News

Title
Author
Date
Publisher
Description
Bloomberg News
December 8, 2020
DealStreetAsia
Citigroup has tied up with Ant Financial, Paytm, Grab to embed its services into these outside apps.
Katie Canales
November 14, 2020
Business Insider
Ant's IPO may have been shockingly suspended, but the firm's Alipay app remains one of the most popular apps in China, not unlike PayPal in the US.
The Economist
November 12, 2020
The Economist
Private enterprise faces formidable new obstacles
By Timothy McDonald
November 8, 2020
BBC News
How Jack Ma's clash with the Chinese authorities stopped the biggest-ever share market debut.
Yoyo Chow
November 4, 2020
DealStreetAsia
Mom-and-pop investors had put in $3 trillion of bids.
ZEN SOO and JOE MCDONALD Associated Press
November 3, 2020
ABC News
The planned stock market debut of the world's biggest online finance company, Ant Financial, in Shanghai and Hong Kong has been suspended
JD Alois
July 9, 2020
Crowdfund Insider
Click HERE to find out ⭐ Massive Fintech Ant Financial Planning Hong Kong IPO, Valuation Expected to Top $200 Billion. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Omar Faridi
May 19, 2020
Crowdfund Insider
Fintech firm Ant Financial partners Myanmar's Wave Money to promote financial inclusion for the underbanked.
Paul Mozur, Raymond Zhong and Aaron Krolik
March 2, 2020
www.nytimes.com
A new system uses software to dictate quarantines -- and appears to send personal data to police, in a troubling precedent for automated social control.
Nicole Jao
January 3, 2020
TechNode
Ant Financial and Bytedance are joining local contenders like Razer and Grab in the race to nab a digital banking license in Singapore.
Nicole Jao
December 20, 2019
TechNode
The deal, negotiated over the summer, is reportedly not being announced publicly because of brewing anti-China sentiment in the country.
Bloomberg
December 19, 2019
@bsindia
Read more about Alibaba Group rejigs brass, names veteran Simon Hu as CEO for Ant Financial on Business Standard. Cheng Li, chief technology officer for Ant, will move over to become CTO for Alibaba Group
Fanny Potkin
December 19, 2019
IN
China's Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd , has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey, people familiar with the matter said.
Daniel Keyes and Greg Magana
December 18, 2019
Business Insider
Business Insider Intelligence looks at a variety of financial services provided by Ant Financial (Alipay) and Tencent (WeChat Pay) in the Chinese market and the benefits each one offers.
Nicole Jao
December 16, 2019
TechNode
The service will be accessible through Alipay and the Ant Fortune platform with an investment minimum of RMB 800.
Nicole Jao
November 27, 2019
TechNode
Ant Financial is looking to invest in payments and internet finance startups in Asia's emerging markets.
Bloomberg
November 26, 2019
@bsindia
Read more about Jack Ma's Ant Financial plans to raise about $1 billion for start-ups on Business Standard. The firm is looking to back more start-ups in those regions that focus on payments and online finance, the person said, confirming a DealStreet Asia report
Nicole Jao
November 5, 2019
TechNode
Ant Financial has been eager to expand its user base beyond China.
Reuters Editorial
Invalid Date
U.S.
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
Ishita Russell
Invalid Date
DealStreetAsia
Robust activity in North America and mega deals in Asia propelled the venture capital deals in 2018 to record highs at an aggregate $274 billion.

References

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