Ant Group has over 900 million users in China for Alipay.
But it offers financial products beyond that, including wealth management, loans to businesses and insurance.Recently, Ant Financial rebranded as Ant Group.The investment research firm added that based on a $150 billion market capitalization, Ant represents $19 of Alibaba's American depositary shares (ADS)."(The) earnings power of the company has improved after we wrote that report … so I would expect that valuation to go up from that last round of assessment that we did at the end of last year," Dai told CNBC's "Street Signs" on Tuesday.These digital financial services contributed more than 50% of Ant Group's overall revenues for the fiscal year ended March 31.Got a confidential news tip?
Moreover, as of the end of 2019, the users of Alipay had exceeded 1.2 billion worldwide. After being valued at more than USD 160 billion – topping the global unicorn list – the company decided to go beyond financial services, and reshaped itself into a technology and digital-driven company with a worldwide scope. For example, JD Digital, a new title after JD Financial, is aiming to redefine itself as a technology provider for the financial industry. Xingjun Ni, the new CTO of Ant Technology, was transferred from the technology division, and will lead the company towards the advanced-technology direction. All rights reserved.EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.From now on, the Alibaba-affiliated company will be operating under a new official name – the ‘Ant Technology Group.’ This change marks a further expansion of the fintech giant’s business scope and a reaffirmation of its technology-driven strategy.9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, ChinaWith an unchanging goal of utilizing technology to empower and generate value for individuals and businesses since the very beginning, the company will become the ‘Ant Technology Group,’ changing itself to even better meet the digital demands of the economy. We strive to make technology inclusive, accessible and transparent.In fact, the name-change wasn’t just one word – it went beyond the level of mere branding. Ant's story is not unique: many tech companies in China have recently been in the limelight, trying to expand their businesses beyond the traditional scope.Such a high regard on technology has transformed into a productivity drive. In the digital era, the competitiveness of a financial services provider is closely related to its IT capabilities – and the Hangzhou behemoth has been doing quite well.A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, ChinaThrough 2017 to 2019, the company ranked first globally on blockchain-related patent applications, with the number of 1,005 in 2019 exceeding the sum total of No.2 by 4. As reflected, the revenue contributed by technology is expected to consist of 65% of the total figure next year, the technicians also take up over 63% of the staff.800 Third Ave, 28F, New York, NY 10022, USACopyright ©2020 EqualOcean.com.
Ant Financial Now – Ant Technology. Five years ago, Chinese fintech Ant Financial didn’t exist. Open technology capabilities are expected to become the core monetization model of Ant Financial… And beyond that, it has been focusing on selling financial technology products to enterprise customers.Yahoo, another major shareholder SoftBank and Alibaba eventually came to a deal that same year: Alibaba would be paid at least $2 billion but no more than $6 billion if Alipay went public. Mit Ant Financial galoppiert das wertvollste Einhorn der Welt womöglich noch in diesem Jahr an die Börse. Headquartered in Hangzhou, China, we are the operator of Alipay, an online payment service launched in 2004 which has since evolved into the world’s largest payment and lifestyle platform. It also runs Sesame Credit, a third-party credit rating system. Blockchain: Fintech power Ant Financial has developed a proprietary blockchain that is used, among other things, to keep tabs on the products sold on a marketplace run by Alibaba, a part owner of Ant. Then in 2018, Alibaba bought a 33% stake in Ant Financial . As of September 2017, Ant Financial unveiled its facial recognition payment technology through its Alipay services. Ant Financial no longer – Jack Ma’s financial Alibaba affiliate financial services group Ant Financial has gained regulatory approval in China to change its name to Ant Technology Group Co. Ant Financial is opening up its technology capabilities to financial service institutions for them to solve problems in financial security, massive financial transactions, and blockchain applications announced Hu Xi, Deputy CTO of Ant Financial and Partner of Alibaba Group, at The Computing Conference. Ant Technology has placed a high value on following technology developments in recent years, with achievements based on research into blockchain and AI. … Dai said his current price target on the stock is $290 which could be hit by the end of this year or beginning of 2021.Data is a real-time snapshot *Data is delayed at least 15 minutes.