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Ant to refund $167.7 billion to Hong Kong investors after IPO is suspended

Enoch Yiu, South China Morning Post
Posted at Nov 04 09:40 PM

Hong Kong retail investors who had applied for Ant Group’s record US$39.67 billion IPO will get refunds in two batches, after the fintech giants decided to suspend the offering. Read more »

Shanghai stock exchange suspends Ant Group's A-share IPO

Reuters
Posted at Nov 03 09:45 PM

The Shanghai stock exchange has suspended Ant Group's A-share IPO on its STAR Market, which was initially set for Thursday, the Chinese exchange said on Tuesday.   Read more »

Ant Group gets Chinese nod for Hong Kong leg of $35 billion dual-listing

Reuters
Posted at Oct 19 10:53 AM

The company plans to list simultaneously in Hong Kong and on Shanghai's STAR Market, in what could be the world's largest IPO, surpassing the record set by oil giant Saudi Aramco's $29.4 billion float last December.   Read more »

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Yingzhi Yang and Brenda Goh, Reuters
Updated as of Sep 25 03:16 PM

Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ahead of its blockbuster IPO.   Read more »

Alibaba fintech arm eyes record IPO with Hong Kong-Shanghai listing

Agence France-Presse
Posted at Sep 24 02:31 PM

The financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as much as $35 billion in a joint listing in Hong Kong and Shanghai, a report said Thursday.   Read more »

Ant Group, the Alibaba payment affiliate, files to go public

The New York Times
Posted at Aug 26 11:58 AM

Ant Group, the payment- and finance-focused sister company of the Chinese e-commerce titan Alibaba, filed paperwork Tuesday to list shares in Hong Kong and Shanghai, the first steps toward what could be a blockbuster initial public offering.  Read more »

China's e-payments giant Ant Group nears mammoth IPO

Agence France-Presse
Posted at Jul 20 07:03 PM

Ant Group, the online payments giant affiliated to Chinese e-commerce leader Alibaba, said Monday it had taken the first steps toward a blockbuster dual listing in Shanghai and Hong Kong that could be among the biggest in years. Read more »

Ant Financial joins Razer, Grab in contest for Singapore digital banking license

Jane Zhang, South China Morning Post
Updated as of Jan 03 09:10 AM

Last June the Monetary Authority of Singapore unveiled plans to grant as many as 5 virtual bank licences to boost competition and innovation. Read more »

Grab seeks merger of Indonesian e-payments firms in battle vs Gojek

Reuters
Posted at Sep 11 02:06 PM

Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to better compete with Gojek. Read more »

GCash pushes financial inclusion with QR-based mobile lending facility

ABS-CBN News
Posted at Jun 26 03:21 PM

GCredit allows users to pay bills and purchase from partner merchants using a credit line accessible within the GCash app, its operator said in a statement. Read more »

Hong Kong's digital banking push pits tech newcomers against old-guard lenders

Sumeet Chatterjee and Alun John, Reuters
Posted at Aug 30 05:57 PM

The deadline for the first batch of applications is Friday, and others expected to apply include Bank of China (Hong Kong), Chinese smartphone maker Xiaomi and online insurer ZhongAn, said the people and local media reports. Read more »

Ant Financial raises $14 billion in world's largest single fundraising

Adam Jourdan and Cate Cadell, Reuters
Posted at Jun 11 04:14 PM

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. Read more »

Ant Financial raises $14 bln in world's largest-ever single fundraising

Reuters
Posted at Jun 08 06:35 PM

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. Read more »

Globe fintech sticking to fiat currencies for now: CEO

ABS-CBN News
Posted at May 22 06:50 AM

Financial technology firm Mynt, which operates e-wallet GCash, believes in the value of blockchain technology but is unlikely to “touch” cryptocurrencies, its CEO said. Read more »

Jack Ma, Chinese tech help PH slay cash as king of payments

Jessica Fenol and Joel Guinto, ABS-CBN News
Updated as of May 22 01:45 PM

Black and white signs have begun to pop up beside thousands of cash registers in the Philippines, enticing users to scan them with their smartphones to pay for anything from burgers to bikinis. Read more »

Chinese 'glocalization' of fintech underway: Ant Financial

ABS-CBN News
Updated as of May 04 11:54 AM

Ant Financial is helping other countries build their local version of its cashless payment technology that started in China, harnessing the potential of the mobile phone to make money services more inclusive, an official said Friday. Read more »

GCash, Alipay target Chinese tourists with new payment scheme

ABS-CBN News
Updated as of Apr 16 10:46 PM

Globe Telecomm's fintech arm Mynt and Alibaba Group's Ant Financial on Monday jointly launched a new QR Code solution which will allow Philippine merchants to accept local GCash payments and payments from Chinese tourists using Alipay in one single connection. Read more »

Globe fintech arm, MoneyGram launch smartphone-based remittance service

Jessica Fenol, ABS-CBN News
Updated as of Nov 07 11:38 AM

Globe Telecom's financial technology arm said Wednesday it has partnered with global remittance firm MoneyGram to allow families of Filipinos abroad to receive remittances on their smartphones.  Read more »

Mobile phones, 'tingi' economy help fintech thrive in Philippines

ABS-CBN News
Updated as of Dec 12 03:50 PM

Widespread use of mobile phones and a "sachet" culture in retail provides a fertile environment for financial technology companies, an industry stakeholder said. Read more »

Finance chief eyes Jack Ma firm to help cut remittance cost

ABS-CBN News
Posted at Feb 08 11:23 AM

Finance Secretary Carlos Dominguez proposed tapping technology from Chinese internet giant Alibaba to help cut remittance costs for 10 million Filipinos working overseas, his office said Thursday. Read more »