What is an Ant Group?

Well, Ant Group is a fintech giant and affiliate of Alibaba Group. The company was formerly known as Ant Financial. While talking to Think Business, Ant Group’s Executive Chairman Eric Jing, said that the company got its name because ants represent “little guys, meaning ordinary individuals.”

Is Ant financial regulated?

Ant Group, controlled by Chinese billionaire Jack Ma, said on Monday it will apply in its entirety to become a regulated financial holding company after China’s top regulators publicly mapped out a blueprint for overhauling the planet’s largest financial technology company.

What is Ant group doing?

Services. It operates Alipay, the world’s largest mobile and online payments platform as well as Yu’e Bao, formerly the world’s largest money-market fund. It also runs Zhima Credit, a third-party credit rating system.

Why is Ant group so successful?

In a market starved for consumer financial products, Ant’s investment platforms were an instant hit. That Ant offers both platform (Ant Fortune) and linear (Yue Bao) asset management services suggests that the platform transactions yield a large enough margin to justify Ant’s continued investment in it.

What happened ant group?

China has forced a sweeping restructure on the Ant Group so the financial technology firm acts more like a bank. Ant Group’s mega $37bn (£27bn) share market launch was derailed by regulators in November over concerns about its finance model.

What does Ant mean in China?

Ant is the financial arm of e-commerce giant Alibaba and started out in 2004 as the site’s way to process payments. Ant’s Alipay app now has more than 730 million monthly users in China who use it to pay bills, shop and send money to friends. Ant’s services also include insurance, loans and asset management.

Who controls ant group?

Jack Ma
In November, Ant Group, which is controlled by billionaire Jack Ma, was set to carry out a record-breaking $34.5 billion initial public offering in Shanghai and Hong Kong.

What is Jack Ma’s ant group?

Ant Group, the operator of Alipay, is expected to be the biggest initial public offering on record, outpacing Saudi Aramco’s US$29.4 offering last year. Photo: Reuters Register and follow to be notified the next time content from Ant Group is published. What is Jack Ma’s Ant Group and how does it make money?

Could ant group be the biggest IPO ever?

BILLIONAIRE Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai. It’s said to be gunning for a valuation of $225 billion, making it the world’s fourth-largest financial company.

How did ant’s business perform in the six months ended June 30?

The insurance business also is a growing segment, accounting for 8.4 per cent of its revenue in the six months ended June 30. Ant is the largest online insurance services platform in China in terms of premiums generated, according to Oliver Wyman.

Is ant making headway in China with Vanguard robo adviser?

This year, Ant teamed up with Vanguard Group to offer a robo adviser to allow the U.S. giant make headway in China. The unit that Yu’ebao is part of at Ant accounted for 15\% of revenue this year, which is about unchanged over the past three years.