Today, it’s one of the largest financial institutions in the world. Five years ago, Chinese fintech Ant Financial didn’t exist. And beyond that, it has been focusing on selling financial technology products to enterprise customers.Yahoo, another major shareholder SoftBank and Alibaba eventually came to a deal that same year: Alibaba would be paid at least $2 billion but no more than $6 billion if Alipay went public. In the future, the company will focus on digital upgrades to keep abreast of the times and better serve the whole society, instead of limiting itself to the financial industry. Then in 2018, Alibaba bought a 33% stake in Ant Financial . Mit Ant Financial galoppiert das wertvollste Einhorn der Welt womöglich noch in diesem Jahr an die Börse. Ant Financial, eine Tochter des chinesischen Internetriesen Alibaba, betreibt unter anderem den Bezahldienst Alipay. Dai said his current price target on the stock is $290 which could be hit by the end of this year or beginning of 2021.Data is a real-time snapshot *Data is delayed at least 15 minutes. Alipay controlled 54.5% of … By Qing Lan Jun 23, 2020 09:42 pm. It operates Alipay, the world's largest mobile and online payments platform as well as Yu’e Bao, the world's largest money-market fund. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.But its valuation could now be as high as $210 billion, according to David Dai, a senior analyst at Bernstein, who carried out his own calculation at the end of last year.The company is known for running Alipay, one of China's most popular mobile payment systems. Yahoo, which was Alibaba's biggest shareholder at the time, said that transaction happened without its knowledge, something the Chinese e-commerce giant denied at the time.Ant Group will carry out a concurrent initial public offering (IPO) on the Shanghai Stock Exchange's STAR board and the Hong Kong stock exchange. © 2020 Crowded Media Group. We want to hear from you.Meanwhile, Bernstein's Dai said Ant Group will be "highly accretive to current share price of Alibaba."A valuation of over $200 billion would make Ant larger than some of America's biggest banks including Goldman Sachs and Wells Fargo.Alibaba's U.S.-listed shares closed at $254.81 on Monday. It also runs Sesame Credit, a third-party credit rating system. Ant Financial Services Group, officially established in October 2014, is an innovative technology provider that aims to bring inclusive financial services to the world. Ant Financial Services Group, the owner and operator of Alipay, has dropped the “Financial” part of its name and is set to rebrand to Ant Technology Group, according to … Xingjun Ni, the new CTO of Ant Technology, was transferred from the technology division, and will lead the company towards the advanced-technology direction. All Rights Reserved.“We believe financial services should be simple, low-cost and accessible to the many, not the few – and our technologies, such as blockchain, AI, big data, Internet of Things, and cloud computing, make us uniquely placed to achieve our mission of bringing the world equal opportunities.”The company further noted that it has developed online platforms to provide a wide range of products and services, covering payments, loans, third-party insurance, and wealth management that focus on the financial needs of small businesses and individuals.
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