Vanguard sells stake in joint venture with Ant: reportThe move comes months after a Reuters report said Vanguard was mulling a retreat from China, the second largest economy in the world, after...
17 Oct, 2023, 09.12 PM IST
Jack Ma’s clash with Beijing costs Ant, Alibaba $850 billionChinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 bil...
09 Jul, 2023, 07.32 PM IST
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...
08 Jul, 2023, 09.28 AM IST
Jack Ma’s Ant Group wins approval for $1.5 billion capital planThe China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift its capital to 18.5 billio...
04 Jan, 2023, 08.19 AM IST
Fidelity, BlackRock cut fintech giant Ant’s valuation furtherBoston-based Fidelity Investments cut its estimate for Ant to $70 billion at the end of May, according to Bloomberg calculations based on f...
16 Aug, 2022, 05.14 PM IST
Jack Ma to give up control of Ant Group: reportMa might transfer his voting power to other Ant officials, including CEO Eric Jing, after which they would collectively control the company.
28 Jul, 2022, 05.53 PM IST
Tencent boss loses $14 billion in rout, more than Jack MaIn a twist that has upended conventional wisdom on the political pecking order of China’s business elite, Tencent Holdings Ltd.’s mild-mann...
04 Aug, 2021, 01.50 PM IST
China’s central bank says it will keep pressure on crypto marketThe People’s Bank of China will also supervise financial platform companies to rectify their practices according to regulations, it said in...
31 Jul, 2021, 01.01 PM IST
Inside the chaotic unraveling of Jack Ma’s $35 billion IPOThe subsequent unraveling of the $35 billion share sale has thrust Ma’s fintech giant into turmoil, offering a stark reminder that even Chi...
05 Nov, 2020, 04.55 PM IST
Jack Ma’s wealth drops $3 billion after Ant Group IPO freezeMa, a 56-year-old former English teacher who co-founded Alibaba with $60,000 and turned it into China’s largest e-commerce company, would h...
04 Nov, 2020, 09.32 AM IST
Alibaba falls after Ant Group’s IPO is suspendedAnt Group Co. said its listings in both Shanghai and Hong Kong have been suspended.
03 Nov, 2020, 07.47 PM IST
Shanghai stock exchange suspends Ant Group's A-share IPOAnt was set to go public in Hong Kong and Shanghai on Thursday after raising about $37 billion.
03 Nov, 2020, 07.06 PM IST
Ant Group IPO: China's regulators summon Jack MaThe regulators on Monday met with Ant Group's co-founder Jack Ma, executive chairman Eric Jing and chief executive Simon Hu, without elabor...
02 Nov, 2020, 10.19 PM IST
Ant Group's IPO sees record $3 trillion in retail demandAnt's dual listing is set to raise about $34.4 billion, split fairly evenly between Shanghai's STAR Market and Hong Kong, topping Saudi Ara...
31 Oct, 2020, 12.07 PM IST
The pessimist’s guide to Jack Ma’s record-breaking Ant IPOAnt’s meteoric rise was made possible in part by China’s willingness to let it experiment. Now that the fintech giant is a dominant player ...
28 Oct, 2020, 07.15 PM IST
Jack Ma’s Ant seeks to raise $35 billion in biggest-ever IPOThe company may raise another $5.17 billion if it exercises it Hong Kong and Shanghai green shoe options. That would give Ant a valuation o...
26 Oct, 2020, 07.02 PM IST
Paytm fires back at Google for ‘violating competition rules’The trouble arose over a Paytm Cricket League contest unveiled on Friday morning, which allowed users to win stickers featuring their favor...
19 Sep, 2020, 09.51 AM IST