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Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by ...
China's surprise suspension of Ant Group's record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant's valuation ...
Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group's initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan ...
Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching CN¥118 trillion in June 2020.
The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial ...
HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a ...
The decision to halt Ant Group’s mega IPO has left investors big and small licking their wounds. Retail investors had bought into the listing in a big way, placing a record $3 trillion dollars ...
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022, Bloomberg reported Sunday.What Happened: Chinese ...