China’s Ant Group unveils finance AI model as race heats up
Ant follows AI announcements by tech giants Tencent and Xiaomi.
Investors rewrite private sector playbook amid China’s anti-graft crackdowns
Private enterprise is being sidelined as Beijing wants a greater state presence in many sectors.
Ant Group quarterly profit rises 17.5% YoY in Q1
Ant Group made a net profit of $1.85b in the three months to March 31.
Alibaba posts strongest quarterly revenue growth in almost two years in Q1
The Chinese e-commerce giant posted first-quarter revenue of $32.29b, up 14% YoY.
GIC, Carlyle, others opt out of Ant’s buyback after 70% valuation cut: Bloomberg
However, Fidelity Investments and T. Rowe Price Group have agreed to sell their shares.
StanChart, Ant Group tie up for green finance, global fund management
The deal is the first high-profile tie-up between Ant and a major foreign bank since authorities cancelled a planned mega-IPO.
Listing of Ant Group is unlikely in the short term, reports state media
Earlier this month, Ant Group announced a share buyback that valued it at $78.54b.
Ant Group plans restructuring, paving way for Hong Kong IPO
It can prepare for a public listing in HK instead of reviving the dual Shanghai-Hong Kong listing plan.
People Digest: BlackRock names China, SG wealth heads; Ant Group appoints IBG president
Ant Group has named Peng Yang as the president of its International Business Group.
China’s Alibaba says it will not join Ant Group’s share buyback
Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month.
