Alibaba’s Alipay was granted an eMoney license in Luxembourg to allow the company to serve customers across Europe; the eMoney...
Hong Kong has approved 4 more digital banking licenses for Tencent, Alibaba, Xiaomi and Ping An; the approvals are sure...
China’s largest e-commerce company, Alibaba, launched a new interest free offering for U.S. small businesses;“Rather than a low-cost loan, the...
The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued...
The main driver of today's entry is the news -- which has largely percolated -- that ConsenSys acquired Quorum from J.P. Morgan, as well as received an investment from the bank in the company. There is a lot of jargon in the blockchain industry, and I want to try to pull this news apart to explain why it is interesting both to incumbent financial services players, as well as meaningful to the developing decentralized finance industry.
The company claims to be Hong Kong’s largest trade financing platform for SMEs; the $15 million Series A round was...
HSBC has launched a digital wallet in Hong Kong that targets startups and other small businesses; the bank said they...
Ant Group, formerly known as Ant Financial, the creator of Alipay, has said that it is planning to do dual...
The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce...
In this conversation, Max Friedrich of ARK Invest, Will and Lex break down Ant Group’s highly anticipated IPO.
Ant, a spinout from Alibaba and the parent of Alipay, one of China’s leading payments companies, filed papers to IPO in Shanghai and Hong Kong.
Max, Will and Lex dig into Ant’s business, from the origins to today, discuss growth opportunities and potential headwinds and explore the multi-faceted relationships between Ant and other big tech companies and national governments.
We cannot understate how impressive Ant Financial has become, connecting 700 million people and 80 million merchants in China, with payments, savings, wealth management and insurance products integrated in one package. The company also highlights the likely road for traditional banks — as underlying risk capital, without much technology or client management.