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1. www.nytimes.com › 2023/07/07 › businessChina Hits Ant Group with $985 Million Fine - The New York Times

   www.nytimes.com › 2023/07/07 › business

   Jul 7, 2023 · The investigation into Ant began after its founder and billionaire entrepreneur, Jack Ma, publicly criticized Chinese regulators in 2020 for stifling innovation and being overly cautious. Then, Mr ...

   • Author: Claire Fu

2. www.wired.com › story › jack-ma-disappear-ant-group-ipoJack Ma was China’s most vocal billionaire. Then he vanished

   www.wired.com › story › jack-ma-disappear-ant-group-ipo

   Jan 13, 2021 · Jack Ma is no stranger to taking risks. In October 2020 he was China’s wealthiest man, preparing to float Ant Group, a fintech company, in what was billed to be the largest IPO in the world ...

   • Author: Barclay Bram

3. finance.yahoo.com › news › jack-mas-ant-group-doesWhat is Jack Ma's Ant Group and how does it make money?

   finance.yahoo.com › news › jack-mas-ant-group-does

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   Oct 27, 2020 · Credit Suisse analysts peg Ant's valuation between US$380 billion and US$461 billion, with a price/earnings to growth ratio between 1.2 times and 1.4 times. They forecast Ant's net profit will hit ...

4. www.reuters.com › technology › china-end-ant-groupsChina ends Ant Group's regulatory revamp with nearly $1 ...

   www.reuters.com › technology › china-end-ant-groups

   Jul 7, 2023 · Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay and undertakes consumer lending and insurance products distribution among other businesses. In mid-2020 ...

5. www.ft.com › content › 0d169bed-c445-451e-9336-418fChinese fintech Ant Group targets global growth after Jack Ma ...

   www.ft.com › content › 0d169bed-c445-451e-9336-418f

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   Apr 4, 2024 · When Chinese regulators torpedoed the $37bn listing of Ant Group in 2020 to rein in billionaire entrepreneur Jack Ma’s financial empire, the future of his lending and payments business was ...

6. www.nytimes.com › 2020/10/27 › businessWhy Ant Group's I.P.O. Is Set to Be the World's Largest - The ...

   www.nytimes.com › 2020/10/27 › business

   Oct 27, 2020 · The company’s co-founder, the billionaire Jack Ma, crowed on Saturday that Ant’s debut would be “the first time that such a big I.P.O. was priced outside of New York City, which we wouldn ...

7. People also ask

   Is ant a billionaire?

   • Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay and undertakes consumer lending and insurance products distribution among other businesses. In mid-2020, before its IPO was pulled, it was valued by some investors at more than $300 billion.

   China ends Ant Group's regulatory revamp with nearly $1 billion fine

   www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/

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   How much is ant bank worth?

   • Credit Suisse analysts peg Ant's valuation between US$380 billion and US$461 billion, with a price/earnings to growth ratio between 1.2 times and 1.4 times. They forecast Ant's net profit will hit 56 billion yuan (US$8.4 billion) in 2021 and 75 billion yuan in 2022. Ant Bank is a virtual banking arm of Ant in Hong Kong.

   What is Jack Ma's Ant Group and how does it make money? - Yahoo Fin…

   finance.yahoo.com/news/jack-mas-ant-group-does-093000429.html

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   How much is ant worth?

   • Ant’s estimated value was cut to $63.8 billion from $235 billion before the Chinese authorities halted its I.P.O. in November 2020, according to Bloomberg. Claire Fu covers news in mainland China for The New York Times in Seoul. More about Claire Fu

   China Hits Ant Group with $985 Million Fine - The New York Times

   www.nytimes.com/2023/07/07/business/alibaba-ant-group-fine.html

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   How much money does ant make a year?

   • Ant acts as a lending, investment and insurance products platform for individuals and underserved small businesses. Its revenue per user is just 121 yuan, still small compared with traditional financial institutions. Digital financial services contributed more than half of Ant's overall revenues in the six months ended June 30.

   What is Jack Ma's Ant Group and how does it make money? - Yahoo Fin…

   finance.yahoo.com/news/jack-mas-ant-group-does-093000429.html

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8. www.washingtonpost.com › business › 2023/07/26How Jack Ma’s Ant Group Is Inching Toward IPO Reboot

   www.washingtonpost.com › business › 2023/07/26

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   Jul 26, 2023 · July 26, 2023 at 7:34 a.m. EDT. Almost three years ago, Chinese regulators torpedoed what would have been a record initial public offering by financial technology giant Ant Group Co., sending ...