Ant Group

Ant Group is a financial technology company based in China and was founded in 2014. It provides services such as digital payments, wealth management, insurance, lending, and credit scoring to millions of individuals and businesses in China. The company is known for its Alipay mobile payment platform, which has over 1 billion users globally.

Ant Group was initially founded as Alipay, a payment platform under Alibaba Group. In 2011, Alibaba Group spun off Alipay into a separate entity, which was later rebranded as Ant Financial Services Group in 2014.

In 2020, the company was slated to go public with an initial public offering (IPO) on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, which would have been the largest IPO in history. However, the IPO was halted by Chinese regulators just days before its scheduled debut.

Ant Group's business model relies heavily on big data and artificial intelligence to create innovative financial products and services for its customers. The company's goal is to make financial services more accessible and affordable for people in China and beyond. Despite its IPO setback, Ant Group remains a major player in the global fintech industry.

Founded: 2014

Address: Xihu District, Hangzhou, China, Ant A Space, No. 569 Xixi Road

Website: https://www.antgroup.com/en