China home to six of the world’s top 10 unicorns, says Hurun report
Ant Group ranks as the world’s largest unicorn with a valuation of $150 billion.
Ant Group said to seek $30b in record-shattering IPO
Ant Group plans to sell 10% of its shares in Shanghai and another 5% in Hong Kong.
Goldman, BofA left off Ant IPO after working for Alibaba rivals
Ant filed last month to go public in Hong Kong and Shanghai in offerings that could top Saudi Aramco’s record $29 billion IPO.
Ant Group’s IPO to spell bonanza for Silver Lake, Warburg and Carlyle
Silver Lake, Warburg and Carlyle were the biggest US backers in Ant’s latest funding round in 2018.
How Ant & Lufax offerings will show China’s subprime consumers in COVID-19 era
By allowing early investors to cash out now, Ant and Lufax will lay bare the ugly side of China’s financial industry.
Credit Suisse invested $100m in Ant Group, lining up windfall
Credit Suisse joins a growing number of banks from Goldman Sachs to China International Capital Corp. in investing in private companies.
Ant Group’s IPO could encourage more Chinese startups to go public
Chinese companies have raised $36 billion of share sales this year in Hong Kong alone.
Alibaba’s Ant said to mull Hong Kong IPO, target valuation over $200b
Ant is 33% owned by Alibaba, which itself raised $12.9 billion in a secondary listing in November.
Alibaba’s Ant Group eyes metamorphosis into online mall to counter Tencent
Ant Group CEO Simon Hu is aggressively pitching digital payment and cloud offerings to the local arms of KFC and Marriott as part of the strategy.
