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      Home»China » How Ant Group was Built into a Fintech Powerhouse

      How Ant Group was Built into a Fintech Powerhouse

      July 24, 2020
      China, Fintech
      Views : 333
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      The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued fintech company; while it is known across Asia it is still not a household name in the U.S.; The Ant Group is an affiliate of Alibaba, sometimes referred to as the Amazon of China; Ant was formed as a holding company in 2014 to house Alipay and other financial services like loans and wealth management; Alipay has become a dominant payments force within China and more recently around the world; The Ant Group, which was previous known as Ant Financial, has shifted the view of the firm to become a technology provider to other financial companies with the Chinese government beginning to crackdown on the fintech market; the company intends to go public through a dual listing in Hong Kong and Shanghai, with relations between the U.S. and China more strained a U.S. listing was not possible. Business Insider.

      Tags : Alibaba, AliPay, lending, payments, The Ant Group, wealth management
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