China’s Ant Group is far bigger than just a payments platform now: “It’s the Amazon of financial services.”
Alibaba’s Ant Group, owner of Alipay, hopes to achieve a market value of more than $200 billion. Its IPO filings offer a look at the numbers behind that goal.
Jack Ma’s Ant Group To Be Listed In Hong Kong And Shanghai, Targets Valuation Of $225 Billion: Report
What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said.
As the world’s biggest economic powers decouple, Hong Kong’s exchange has been a surprise winner.
Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain.
The dual-listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.