China's Ant Group Plans to List Overseas Unit in Hong Kong, Report Says

Reuters
05/05

HONG KONG, May 4 (Reuters) - Ant Group, an affiliate of China's e-commerce 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 operates China's ubiquitous mobile payments app Alipay.

Chinese authorities pulled the plug on Ant's $37 billion IPO in Shanghai and Hong Kong in 2020 and cracked down on Ma's business empire soon after his speech in Shanghai in October that year accusing financial watchdogs of stifling innovation.

That subsequently led to a forced restructuring of Ant and a nearly $1 billion fine by Chinese regulators. Ant is in the process of securing a financial holding company licence, which, once obtained, could facilitate the revival of its IPO goal.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10