Ant Financial

On May 13, Antfin sold 2.54 crore shares of Paytm at an average price of Rs 824.6 a share

Ant fin willing to give upto 6% discount for Paytm stake sale

The Alibaba group entity will sell 4% of its stake in Paytm on Tuesday; Floor price set at Rs 809.75 apiece.

Alibaba to sell $200 million worth of shares in Zomato today: Report

Ant Financial and Alipay, through which Alibaba has invested in Zomato, would bring down their stake to about 10 percent, by selling shares in Zomato at a 5-6 percent discount, CNBC Awaaz has said

Ant Financial IPO mess – a case of regulatory overreach

The Chinese authorities’ overbearing attitude underscores the perils of Shanghai becoming a financial hub

Explainer | Why the record-breaking Ant Financial IPO was cancelled two days before launch

Spun-off from Jack Ma’s Alibaba Group, Ant Financial’s IPO has been the poster child of China’s post-coronavirus economic recovery. Retail investors alone splurged almost $3 trillion in "frenzied bids" for shares.

Alibaba affiliate Ant Group aims for $200 billion valuation in dual IPO: Report

Ant Group was valued at $150 billion in its previous funding round.

Zomato raises $150mn from Ant Financial at $3 billion valuation: Report

The funding push comes amid nationwide protests by restaurants, partners and industry associations against Zomato’s 'deep discounting' policies; and will also help bolster the company against competitor Swiggy

Startup Corner | A $1-billion injection won't solve Paytm's problems, Sharma needs better focus

The odds are stacked against Paytm. In every business segment, Paytm founder Vijay Shekhar Sharma is fighting against multiple, focussed players and with cash burning capacity. Sustenance is becoming a question, forget leadership in its markets.

Jack Ma's Ant Financial looking to set up $1 billion fund for startups in Southeast Asia and India: Report

The development would be in line with the company's interest in expanding beyond China.

SoftBank's latest investment in Paytm to come with a key caveat: Report

The latest round of funding worth nearly $1 billion might also see US asset manager T Rowe Price investing around $150 million to $200 million in the digital payments player One97 Communications, which is the parent company running Paytm.

Global beat | The Chinese dragon may be swallowing India’s new economy — slowly

Ctrip buying into MakeMyTrip is the latest among Chinese firms nibbling at India’s new-age firms. This could set the alarm bells ringing elsewhere

Zomato in talks to raise up to $1 billion to counter Swiggy, others: Report

Zomato is reportedly in discussions with Chinese private equity major Primavera Capital, existing backer Ant Financial and other investors for the new round of funding

China's Didi, Ant Financial weigh joint $2 billion Ofo buyout: Source

A deal would mark the latest stage of consolidation in China's once-booming bike-sharing industry, where a series of startups have burned through hundreds of millions of dollars in the fight to dominate key cities, littering the streets with thousands of bikes in the process.

Alibaba beats forecasts again, takes stake in affiliate Ant

The firm, which also raised its guidance for the year ahead, will take a 33 percent stake in payment affiliate Ant Financial, an important step ahead of an expected initial public offering (IPO) by Ant, valued at $60 billion in 2016.

China commerce ministry says protectionist sentiment rising in US

China is disappointed that the Ant Financial-Moneygram deal was rejected on national security grounds, ministry spokesman Gao Feng said in a regular briefing.

Ant Financial refiles for US approval of MoneyGram deal: Sources

The deal is the latest and most high-profile transaction to be refiled this year with the Committee on Foreign Investment in the United States (CFIUS), a secretive government panel which reviews acquisitions by foreign entities for potential national security risks.

Ant Financial hikes MoneyGram offer by 36% to outbid Euronet

Ant, the finance affiliate of Alibaba Group Holding Ltd, increased its bid to USD 18 per share in cash from USD 13.25 to value MoneyGram at around USD 1.2 billion.

Paytm forays into Canadian market

"Users in Canada will now be able to pay for their cell phone, cable, internet, electricity and water bills. In addition to this, users will also be able to pay for their insurance and property taxes by using the new Paytm Canada app," Paytm said in a statement.

Reliance Capital to sell its stake in Paytm to Alibaba: Sources

Reliance Capital had invested Rs 10 crore to acquire its stake in the payment and e-commerce company and retains it free of cost.

India becomes front in global e-commerce proxy war

The USD 255 billion Chinese group and Paytm have already invested together to build a dominant mobile-wallet payment business, now worth around USD 5 billion. Their smaller e-commerce unit is now being separated out to meet Indian regulations.

China considers faster IPO approval to lure large tech deals

The sources said companies being considered for the shortcut could include Alibaba Group's Ant Financial affiliate, the world's most valuable financial technology company; Zhong An Online Property and Casualty Insurance, and security software maker Qihoo 360 Technology Co.

Alibaba unit invests $200 mn in South Korea's Kakao Pay

The investment in Kakao Pay comes less than a month after Ant bought US-based payments operator MoneyGram for around USD 880 million and struck a partnership deal with Thailand's Ascend Money in November.

Alibaba's financial arm acquires MoneyGram

"The acquisition of MoneyGram is a significant milestone in our mission to bring inclusive financial services to users around the world," Eric Jing, chief executive officer of Ant Financial Services Group in a statement last night.

Alibaba's $60 bn finance arm seeks growth before IPO: Sources

Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, China's largest online payments service, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.