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Ant Group, which operates the Alipay cellular payment platform, has begun discussions for a dual directory on the Shanghai Star Board focused on the Hong Kong generation and stock exchange, according to a press release released Monday.
The combined apple is seeking a rating of more than $20 billion, according to a Reuters report released beyond this month. The press release did not include data on the length and timing of the planned offer, and a spokesman for Ant deccanopyed commented. The organization was valued at $150 billion after an investment circular in May 2018.
“The cutting-edge measures implemented through Shanghai Star’s market position and the Hong Kong Stock Show have opened the door for global investors to access leading generation corporations in the world’s top dynamic economies and those corporations for greater access to capital market positions” Said Ant Group Executive President. , Eric Jing, touching the recent bureaucracy in the two exhibitions that promised to reduce bureaucracy for generation corporations and allow them to register more quickly.
Ant Group was long known as the Ant Financial Services Group, but replaced its call in June. It was created in 201four to process the invoices of Chinese e-commerce giant Alibaba, and now has about 900 million active users in the country who also use the flat form for centers such as insurance acquisition and wealth control.
The organization may also be looking to expand its business by adding through a collaboration partnership with economic institutions, adding state-owned banks from China. In an interview with Forbes Asia in January, the president of Ant’s complex generation business organization, Geoff Jiang, said the combined apple aims to help more banks pass virtually by providing them with products and generation centers such as blockchain, artificial intelligence, and threat software.
I am founded in Beijing and cover the Chinese generation sector. I make a direct contribution to Forbes, and a while ago I worked on my own for SCMP and Nikkei. Before Beijing, I spent six
I am founded in Beijing and cover the Chinese generation sector. I make a direct contribution to Forbes, and a while ago I worked on my own for SCMP and Nikkei. Before Beijing, I spent six months as an intern in the Hong Kong workplace of TIME magazine. I graduated from the Medill School of Journalism, Northwestern University. Email: [email protected] Twitter: @yueyueyuewang