Ant group quarterly profit rises nearly 18% on year to 13 billion yuanAlibaba, which spun off Ant 12 years ago, said last month it had decided not to participate in Ant's proposed share buyback and would maint...
10 Aug, 2023, 08.38 PM IST
China’s Antfin transfers 10.3% stake in Paytm for debentures in Vijay Shekhar Sharma-owned entityThe Paytm founder, through a holding entity, has converted Antfin’s shareholding of around 10.3% in his company to optionally convertible d...
08 Aug, 2023, 08.49 AM IST
Rahul Jain on how VSS AntFin deal will prove to be good for Paytm"The way the financials have moved over the last couple of quarters, there's a lot of merit in the business. The value of the stock in our ...
07 Aug, 2023, 10.22 AM IST
Ant Group plans restructuring, paving way for Hong Kong IPO: reportThe Alibaba Group affiliate is looking at excluding its blockchain, database management services and international businesses from a main e...
26 Jul, 2023, 09.15 AM IST
Jack Ma’s wealth dips $4.1 billion, dragged by Ant’s reduced valuationOnce China’s richest tech tycoon, Jack Ma may now be worth $30 billion, which is less than half of his peak wealth before the failure of th...
12 Jul, 2023, 12.43 PM IST
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...
10 Jul, 2023, 05.57 PM IST
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 ...
08 Jul, 2023, 02.20 PM IST
Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumpsWhile some analysts have said a relinquishing of control could clear the way for the company to revive its initial public offering (IPO), t...
09 Jan, 2023, 10.26 AM IST
Ant Group says no plan for IPO, focusing on business optimisationAnt Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him ...
08 Jan, 2023, 07.30 PM IST
Jack Ma to give up control of Chinese fintech company Ant GroupChina's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adj...
07 Jan, 2023, 11.41 AM 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
Chinese state firms to take big stake in Ant's credit-scoring JV: SourcesThe partners plan to establish a personal credit-scoring firm to handle Ant's treasure trove of data on over 1 billion consumers, said the ...
01 Sep, 2021, 01.32 PM IST
Paytm IPO: Chinese nationals exit boardAccording to filings with the registrar of companies, Jing Xiandong of Alipay and Guoming Cheng of Ant Financial, both Chinese nationals, h...
07 Jul, 2021, 07.10 AM IST
Exclusive: Ant Group may hit a bump post IPOs of Paytm, ZomatoAnt Group will be unable to get Paym or Zomato shares via rights and bonus issues easily due to the curbs on Chinese foreign investment int...
29 Jun, 2021, 11.51 AM IST
What's next for Jack Ma's Ant Group after China orders revamp?Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as...
19 Apr, 2021, 12.14 PM IST
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...
02 Dec, 2020, 08.04 PM IST
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.
11 Sep, 2018, 08.54 AM IST