Ant Group Stock

antgroup.comFinTechFounded: 2014Funding to Date: $23.65B

Ant Group is a fintech company dedicated to creating the infrastructure and platform to support the digital transformation of the service industry.

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Team

Management Team

Hao Huang
President of Digital Finance Business Group
Yun Ma
Founder
Ming Yin
President of Insurance Business Unit
Sabrina Peng
Chief Marketing Officer & Head of CEO Office
Simon Hu
Chief Executive Officer
Li Cheng Ph.D
Chief Technology Officer
Zhiming Fan
President of Wealth Management Business Unit

Board Members

Douglas Feagin
Zomato
Jing Xiandong
Paytm
Lucy Peng
Didi Chuxing

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News

Chinese authorities recently asked state-owned companies and banks to launch a new round of checks regarding their exposure to and links with Ant Group, the financial company that belongs to Chinese tech giant Alibaba. The news caused Chinese tech stocks to plummet on Tuesday, with Alibaba seeing a 5.3% loss in value, as investors worried a new wave of regulatory crackdowns was looming. Another Chinese tech giant, Tencent, saw a 3% drop, with the company also rumored to be facing further scrutiny from the government. Meituan, a leading Chinese food e-commerce company, is another that continues to fall, with the company seeing a 20.7% decrease in value in the last five days of trading.
Chinese regulators, rumored to be directed by President Xi Jinping, are ratcheting up pressure on the empire of China's richest man.
Ant Group is reportedy moving forward with digital banking license application in Singapore, despite halted IPO plans.
Updated on: Jun 4, 2023