Ant Financial's Alipay holds a near-duopoly in China's digital payments market with Tencent's TenPay/WeChat Pay. Lawmakers are increasingly uneasy about the Chinese government having access to user data through Chinese tech platforms.Ant's origins begin with Alipay, which is now one of China's most popular and ubiquitous digital payment services, not unlike PayPal in the US.
Market capitalization is also generally referred as “market cap.” As explained by Investopedia, the size of the company is a basic determinant of asset allocation and risk-return parameters for stocks as well as stock mutual funds.
The company wasn't even called Ant Group until June — before then, it was Ant Financial Services.But the move still comes as Chinese tech firms stand in the crosshairs of strained relations between the eastern nation and the US. AliPay and WeChat also offer "Mini Programs" in their apps, which allow them to access common services -- including ride-hailing, e-commerce, and delivery services -- without ever leaving the app.Ant was previously valued at $150 billion after its last funding round in 2018, making it the world's most valuable start-up.
Ant Financial Services Group provides online payment platform. Ant leverages the strength of Alibaba's Chinese marketplaces, which hit 726 million annual active consumers last quarter, to tether more users to AliPay. Moreover, smaller trades in the secondary market have already reportedly boosted Ant's private valuation to around $200 billion.Alipay rebranded itself as Ant Financial in 2014, which distanced itself from Alibaba and established the foundations of a broader fintech ecosystem. Funds.
Ant is shooting for a market valuation of more than $200 billion.
Ant Financial launched the "Spring Rain Plan" to invest RMB1 billion in supporting at least 1 million developers and serving 10 million merchants in three years. Start your Free Trial. If not, it could expose the costs of engaging in a prolonged war against Tencent in the cutthroat payments market.If Reuters' report is accurate, Ant will only offer a small portion of its shares to Hong Kong investors. Overview. : Get the latest Ant Financial stock price and detailed information including news, historical charts and realtime prices. Sectors.
A leading-edge research firm focused on digital transformation.Ant has recently been attempting to shift the optics of the company from financial firm to technology services provider.
MFA Financial Market Cap: 820.14M for May 28, 2020. Market Videos.
Currencies. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. International . To address investors' complaints about the prior spin-off, Alibaba forged a new agreement with Ant that entitled it to 37.5% of its pre-tax profits. Citing internal documents, Reuters claims Ant generated about 120 billion yuan ($17.1 billion) in revenue and nearly 17 billion yuan ($2.4 billion) in net profit last year.Ant and Tencent also offer a wide range of online banking, investment, and wealth management services through their platforms, and both companies have expanded aggressively overseas to serve Chinese tourists. Chinese Ant Financial Now Has Nearly Double the Market Cap of Goldman Sachs. Alibaba payments affiliate Ant Financial, which administers the Alipay platform, is now the world's most valuable private tech company.
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