Trends - Ant Group - Business Recorder

Ant Group

Alibaba shares sink amid Ant shake-up, earnings risks

HONG KONG: Shares in Chinese e-commerce giant Alibaba fell for the third day in a row following reports of founder...

Published 29 Jul, 2022 05:27pm

Technology

Ant Group executives left Alibaba Partnership after China crackdown

BEIJING: Ant Group executives are no longer part of Alibaba Partnership, a body that can nominate the majority of...

Published 26 Jul, 2022 10:07am

Technology

Alibaba shares slump 5% on Beijing's scrutiny of Ant Group

BEIJING: Shares in Alibaba slumped more than five percent on Tuesday following a report that Beijing regulators had...

Published 22 Feb, 2022 10:57am

Business & Finance

Warburg cuts Ant valuation by 15% to below $200bn

HONG KONG: US private equity firm Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the...

Published 24 Nov, 2021 01:40pm

Business & Finance

Purchase of 55% shares in Telenor Microfinance Bank: MCB Bank approves due diligence

Telenor Microfinance Bank is jointly owned by Telenor Pakistan and Ant Group

Published 02 Nov, 2021 06:25pm

Markets

China says measures applied to Ant Group to be imposed on other payment firms

China suspended the planned $37 billion listing of Ant Group in November last year amid growing concerns over banks using third-party technology platforms

Published 08 Jul, 2021 10:30am

Markets

Fidelity halves valuation of Ant Group after Chinese crackdown: WSJ

That figure compares to an appraised value of $295 billion as at the end of August. Fidelity was among a small group of global investors that bought into Ant three years ago.
Ant's initial public offering was canceled in spectacular fashion last November and Chinese regulators later ordered the enterprise to convert into a financial holding company, denting Ant's appeal in the eyes of investors.

Published 03 May, 2021 05:34pm

Business & Finance

China investigates Ant Group's IPO approval process

The central-government investigation, which started early this year, focuses on "regulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from it", according to the report.
Ma's relationships with these "state stalwarts" are also being examined as part of the investigation, the report said.

Published 27 Apr, 2021 08:36pm

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

Markets

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

Ant Group to become a financial holding firm.
China tightening controls on 'platform economy'.
Revamp is stricter than expected – analyst.

Published 12 Apr, 2021 08:21pm

Business & Finance

Ant Group to overhaul business as Beijing clamps down

Apply to set up a financial holding company to ensure its financial-related businesses are fully regulated.
'Jiebei' and 'Huabei', the company's two credit subsidiaries, will be run by its consumer finance company which will be operated in compliance with relevant laws and regulation.

Published 12 Apr, 2021 06:42pm

Business & Finance

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

Markets

CIMB's e-wallet venture with Ant Group to close fundraising by mid-year

Touch 'n Go Sdn Bhd owns 51% of TNG Digital while Ant Group holds 49%.

Published 29 Mar, 2021 12:02pm

Technology

China crackdown cuts Big Tech down to size

But there's a reason why the escalating crackdown is largely drawing shrugs from Chinese consumers: it is widely seen as necessary.

Updated 21 Mar, 2021 05:52pm

Business & Finance

CEO of China's Ant Group steps down

BEIJING: The chief executive of Chinese fintech giant Ant Group has stepped down for "personal reasons", a...

Published 13 Mar, 2021 04:28am

World

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries

Last year, Chinese premier Xi Jinping blocked Ant Group's initial public offering, as it was speculated that the decision was based on Jack Ma's public criticism of Jinping's financial oversight campaign, and that it could add risk to the financial system.
A group of well-connected Chinese power players backed the company; including those linked with political families that pose a potential challenge to Jinping's authority.

Updated 17 Feb, 2021 05:05pm

Business & Finance

China’s Jack Ma makes first video appearance since Ant crackdown

Jack Ma decided to say goodbye to Alibaba in 2018 and was last seen at a conference in October last year criticizing Chinese government regulators, after which he disappeared raising global concerns.

Published 20 Jan, 2021 11:39am

World

Jack Ma: tycoon who soared on China's tech dreams grounded by regulators

Eyebrows were raised when the state-run People's Daily revealed that he is a member of the Communist Party -- something Ma has never fully commented on.

Updated 24 Dec, 2020 11:16am

Markets

Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe

Investors largely shrugged off comments by US President Donald Trump that a nearly $900 billion stimulus bill, agreed upon after months of wrangling in Congress, was "a disgrace" that he might not sign.

Published 24 Dec, 2020 09:57am

Markets

Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks' gains

SoftBank Group dropped 1.8% after China launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days.

Published 24 Dec, 2020 09:51am

Markets

'It's a joke': retail investors shocked as China halts Ant Group's IPO

China blocked the fintech giant's $37 billion listing on Tuesday, thwarting its debut in Hong Kong and Shanghai scheduled for Thursday and dealing a severe blow to the company founded by billionaire and Alibaba co-founder Jack Ma.

Published 05 Nov, 2020 10:22am

Markets

China's shock suspension of Ant IPO lauded as necessary by state media

The entry of large tech firms into finance has led to concerns about fair competition and data privacy as well as other issues, the China Securities Journal quoted Zhang Zixue, a professor at the China University of Political Science and Law, as saying.

Published 04 Nov, 2020 10:12am

Markets

Ant Group's $37bn listing suspended in Shanghai and Hong Kong

The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market.
Shanghai described Ant's meeting with Chinese financial regulators as a "major event".

Published 03 Nov, 2020 07:34pm

Markets

Ant Group's IPO sees record $3 trillion in retail demand

Ant’s dual listing is set to raise about $34.4 billion, split fairly evenly between Shanghai’s STAR Market and Hong Kong, topping Saudi Aramco’s $29.4 billion listing last December.

Published 31 Oct, 2020 01:30pm

Business & Finance

Ant Group curbs support for overseas partners in strategy rethink ahead of listing

The shift in strategy by the Alibaba-backed fintech giant came late in 2019, brought on by a change at the helm and a reworking of priorities as it planned for its IPO and grappled with regulatory challenges at home.

Published 29 Oct, 2020 10:25am

Markets

Ant Group to close institutional book of $17.2 billion Hong Kong IPO early

The book was due to close on Thursday, but that deadline will be accelerated to Wednesday 5.00 p.m. in each region.

Published 27 Oct, 2020 10:09am

Markets

Ant Group all set to launch world’s largest IPO

Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding, plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said.

Published 26 Oct, 2020 11:07am

Markets

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.

Published 25 Sep, 2020 12:17pm

Markets

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Could raise as much as $30 billion -sources.
IPO set to become world's largest ever.
Ant to sell no less than 10% of enlarged share capital.
Ant says revenue grew almost 40% to 72.5 bln yuan in H1.

Published 26 Aug, 2020 04:41pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	292.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	70.22 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.90 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.35 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	76.34 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 15	214.00
USD PKR Interbank Buying / Aug 15	213.00
USD to Japanese Yen / Aug 15	133.11
USD to Swiss Franc / Aug 15	0.95
Pound Sterling to USD / Aug 15	1.21
Euro to USD / Aug 15	1.02
UK LIBOR % / Aug 15	2.31

Stock	Volume
S&P 500 / Aug 15	4297.14
India Sensex / Aug 15	59462.78
Tokyo Nikkei / Aug 15	28871.78
Nasdaq / Aug 15	13128.05
Hang Seng / Aug 15	20040.86
FTSE 100 / Aug 15	7509.15
Dow Jones / Aug 15	33912.44
Germany DAX 30 / Aug 15	13816.61
France CAC40 / Aug 15	6569.95

Item	Value
Crude Oil USD/Barrel / Aug 15	88.36
Karachi Cotton PKR/37.32 KG / Aug 15	18235.00
Gold 10 Grams PKR / Aug 15	124600.00
Gold Spot USD/Ounce / Aug 15	1779.26
Cotton US¢/pound / Aug 15	113.59

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