China’s Ant Group plans to list overseas unit in Hong Kong, report says

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Ant Group, an affiliate of China’s ecommerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not say whether the discussions were taking place with regulators in China or elsewhere.

Ant International is registered in Singapore.

Ant was founded by billionaire Jack Ma and is 33% controlled by Alibaba. It…



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China’s Ant Group plans to list overseas unit in Hong Kong, report says


Ant Group, an affiliate of China’s ecommerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not say whether the discussions were taking place with regulators in China or elsewhere.

Ant International is registered in Singapore.

Ant was founded by billionaire Jack Ma and is 33% controlled by Alibaba. It…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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