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ANT FINANCIAL EXIT
Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
A decade after Jack Ma’s bet, Paytm’s China ties endThe exits mark the end of a high-profile Japanese-Chinese investor chapter in Paytm’s journey, from becoming India’s most valued startup at...
Ant Financial exits Paytm; sells 5.84% for Rs 3,803 croreFollowing the stake sale, shares of One97 Communications fell 1.45% to ₹1,062 apiece on NSE, while the scrip of the company went lower by 1...
From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
Why Ant Financial is reducing its Paytm stake amid rising geopolitical tensionsChinese fintech giant Ant Financial offloads shares worth Rs 2,200 crore in Paytm amid continued stake reduction. The news triggered a sign...
AntFin sells 2% stake in Zomato via open market for Rs 2,828 croreAntFin entity AntFin Singapore Holding Pte sold 176,395,675 shares of Zomato at an average price of Rs 160.3 a share, bulk deals data on BS...
Explained: What’s next for Ant after its nearly $1 billion fine?Ant's story so far has been one of a dramatic reversal in fortunes: while its shelved $37 billion IPO in 2020 had valued the company at $31...
Ant's surprise share buyback values firm at steep 75% discount to IPOAnt's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily ...
Ant to buy back shares at 70% lower valuation than at IPOThe limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation...
SoftBank, Ant Group discuss Paytm secondary sale to reduce holding in payments firmPaytm’s management including its founder and CEO Vijay Shekhar Sharma are seen to be opposed to a strategic investor coming on board the co...
Ant Group explores ways for Jack Ma to exit as China piles on pressureOfficials from People's Bank of China (PBOC), and the country's financial regulator held between January and March talks with Jack Ma and A...
China's Ant explores ways for Jack Ma to exit as Beijing piles pressure: SourcesAnt denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subj...
Timeline: Events leading up to China's $2.75 billion fine on AlibabaAlibaba has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of the country's regulat...
Timeline: Events leading up to China's $2.75 billion fine on AlibabaThe Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of t...
Investors value China's Ant Group at over $200 bn after IPO halt: SourcesThe number is about a third above Ant's valuation after its last fundraising in 2018 when it emerged as the world's most-valuable unlisted ...
China's Ant Group CEO leaves after failed IPO prompts revampHu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric...
Ant Group CEO Simon Hu resigns, Eric Jing to replace himSimon Hu’s resignation as Ant Group CEO comes at a time when the fintech giant is being pushed by regulators to revamp operations after its...
Ant Group denies talks to sell stake in PaytmPaytm competes with Google Pay, Walmart’s PhonePe and Amazon Pay in the digital payments segment - which include Unified Payments Interface...
Ant Financial gets rights for biggest pie in ZomatoThe agreement is a part of Ant Financial’s $200 million investment in Zomato in February, as per its updated Articles of Association.
King of Unicorns: At $150 billion valuation, Ant Financial is almost double the worth of UberChina’s government is concerned about the financial and systemic risks that surround Ant, yet it must also be quite impressed with how far ...