Investments
154Portfolio Exits
20Funds
1Partners & Customers
10About Ant Group
Ant Group (SGX: 5VJ) is a technology company that offers financial services, serving small and micro enterprises and consumers. It is dedicated to building an open ecosystem of technologies while working with other financial institutions to support the future financial needs of society. The company's products include Alipay, a payment and lifestyle platform, Ant Fortune, a comprehensive wealth management app, and Zhima Credit, an independent, private, alternative credit service. It was founded in 2011 and is based in Hangzhou, China.
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Expert Collections containing Ant Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Ant Group in 7 Expert Collections, including Wealth Tech.
Wealth Tech
2,015 items
A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech 250
747 items
Payments
2,881 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
New Retail Formats
11 items
Companies offering automated checkout solutions for retailers or operating cashless, cashier-free retail stores.
Conference Exhibitors
5,302 items
Fintech
3,435 items
Research containing Ant Group
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ant Group in 5 CB Insights research briefs, most recently on Oct 4, 2022.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Jul 29, 2020
Fintech Funding Trends In Japan And South KoreaJul 23, 2020 report
Reopening: The Tech-Enabled Office In A Post-Covid WorldLatest Ant Group News
May 7, 2023
Alipay+ integrates into SGQR and is now available at all Hawker Centres in Singapore Alipay+’s latest development is set to further enhance the cashless travel and dining experience for Filipino tourists using GCash in Singapore Enabled through its partnership with the Network for Electronic Transfers (NETS), Singapore’s leading payment services group, Alipay+ is now integrated into SGQR and becomes available as one of the payment schemes at about 11,000 stalls at NEA hawker centres in Singapore, as well as HDB coffee shops, wet markets, and JTC industrial canteens. Users of Alipay+ partner e-wallets can pay via the SGQR displayed at stalls by opening their home e-wallet apps and scanning the SGQR. SGQR is the world’s first unified payment QR code. It is a single standardized QR code for e-payments and combines multiple payment schemes into a single SGQR label. Consumers just need to look for the SGQR label to see which payment options a merchant accepts. Alipay+ is a suite of global cross-border digital payments and marketing solutions designed to enable businesses, especially small and medium-sized businesses, to process a wide range of mobile payment methods and reach 1 billion regional and global consumers, through one-time integration and simple technical adaptation. Alipay+ currently supports six partner e-wallets in Singapore, including Alipay from the Chinese mainland, AlipayHK from Hong Kong SAR, China, Touch ‘n Go eWallet from Malaysia, GCash from the Philippines, TrueMoney from Thailand, and Kakao Pay from South Korea. Alipay, one of Alipay+’s e-wallet partners, has been integrated into SGQR since 2019. Dr. Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant Group, said: “With Alipay+’s integration into SGQR, it makes it more convenient for foreigners traveling to Singapore, by enabling them to pay with their home e-wallets, which they are familiar with. Tourists no longer have to worry about trying to find the right amount of cash to pay in a bustling environment like hawker centres. We look forward to continuing to partner with NETS to drive digital payments innovation and acceptance, connecting thousands of merchants in Singapore with digital consumers in the region.” “At NETS, we believe that every business should have access to digital payment solutions. By facilitating digitalization for hawkers through collaborations with partners such as Alipay+, we are empowering small businesses to better serve their customers whilst providing them opportunities to expand their customer base,” said Mr. Lawrence Chan, Group CEO, NETS. In addition to NETS, Ant Group has also formed partnerships and collaborations with the Singapore Tourism Board (STB), Changi Airport Group, Resorts World Sentosa, ComfortDelGro Taxi, and many other local merchants and brands to bring best-in-class digital payment solutions to enhance the travel experience in Singapore. Data from STB shows that more tourists are visiting Singapore. From January to March 2023, there was a month-on-month increase in the number of international visitors, with Asian tourists forming the majority of arrivals. Malaysia, South Korea, the Philippines, China, and Thailand are in the top ten for visitor arrivals to Singapore in the first quarter.
Ant Group Investments
154 Investments
Ant Group has made 154 investments. Their latest investment was in Xiaoan Technology as part of their Series C on March 3, 2023.
Ant Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/20/2023 | Series C | Xiaoan Technology | Yes | 1 | ||
3/16/2023 | Seed VC - II | Proxtera | Yes | Ant Group, CerraCap Ventures, and EDBI | 5 | |
2/2/2023 | Series A - II | E-C Digital | Yes | 1 | ||
12/5/2022 | Series A | |||||
8/25/2022 | Series A |
Date | 3/20/2023 | 3/16/2023 | 2/2/2023 | 12/5/2022 | 8/25/2022 |
---|---|---|---|---|---|
Round | Series C | Seed VC - II | Series A - II | Series A | Series A |
Company | Xiaoan Technology | Proxtera | E-C Digital | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | Ant Group, CerraCap Ventures, and EDBI | ||||
Sources | 1 | 5 | 1 |
Ant Group Portfolio Exits
20 Portfolio Exits
Ant Group has 20 portfolio exits. Their latest portfolio exit was Logory Logistics on March 09, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/9/2023 | IPO | 1 | |||
7/7/2022 | IPO | Public | 2 | ||
5/17/2022 | Shareholder Liquidity | Paytm Mall | 2 | ||
Date | 3/9/2023 | 7/7/2022 | 5/17/2022 | ||
---|---|---|---|---|---|
Exit | IPO | IPO | Shareholder Liquidity | ||
Companies | Paytm Mall | ||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 1 | 2 | 2 |
Ant Group Acquisitions
9 Acquisitions
Ant Group acquired 9 companies. Their latest acquisition was 2C2P on April 18, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
4/18/2022 | Series E+ | $70M | Corporate Majority | 11 | ||
2/14/2019 | Growth Equity | |||||
8/17/2017 | ||||||
4/19/2017 | ||||||
9/13/2016 | Series A |
Date | 4/18/2022 | 2/14/2019 | 8/17/2017 | 4/19/2017 | 9/13/2016 |
---|---|---|---|---|---|
Investment Stage | Series E+ | Growth Equity | Series A | ||
Companies | |||||
Valuation | |||||
Total Funding | $70M | ||||
Note | Corporate Majority | ||||
Sources | 11 |
Ant Group Fund History
1 Fund History
Ant Group has 1 fund, including Ant Financial Internet Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/20/2015 | Ant Financial Internet Fund | $160M | 1 |
Closing Date | 5/20/2015 |
---|---|
Fund | Ant Financial Internet Fund |
Fund Type | |
Status | |
Amount | $160M |
Sources | 1 |
Ant Group Partners & Customers
10 Partners and customers
Ant Group has 10 strategic partners and customers. Ant Group recently partnered with Zhejiang University on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/3/2023 | Partner | China | Ant Group partners with Zhejiang University to promote intelligent vision technology Alibaba 's financial affiliate , Ant Group , has partnered with Zhejiang University to establish an Intelligent Vision Joint Laboratory , aimed at tackling core intelligent vision technology , according to local media outlet Zhejiang Daily . | 1 | |
2/21/2023 | Partner | United States | NBA, Ant Group launch strategic partnership in China NBA , Ant Group launch strategic partnership in China | 7 | |
12/13/2022 | Partner | United States | Alipay joins the digital renminbi processing network As part of this partnership , AntGroup 's Alipay added a feature that permits its users to transfer sums to WeChat users thus creating a link between the two Chinese digital payments providers . | 1 | |
10/27/2022 | Client | ||||
9/28/2022 | Partner |
Date | 4/3/2023 | 2/21/2023 | 12/13/2022 | 10/27/2022 | 9/28/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Client | Partner |
Business Partner | |||||
Country | China | United States | United States | ||
News Snippet | Ant Group partners with Zhejiang University to promote intelligent vision technology Alibaba 's financial affiliate , Ant Group , has partnered with Zhejiang University to establish an Intelligent Vision Joint Laboratory , aimed at tackling core intelligent vision technology , according to local media outlet Zhejiang Daily . | NBA, Ant Group launch strategic partnership in China NBA , Ant Group launch strategic partnership in China | Alipay joins the digital renminbi processing network As part of this partnership , AntGroup 's Alipay added a feature that permits its users to transfer sums to WeChat users thus creating a link between the two Chinese digital payments providers . | ||
Sources | 1 | 7 | 1 |
Ant Group Team
16 Team Members
Ant Group has 16 team members, including current Chief Executive Officer, Eric Xiandong Jing.
Name | Work History | Title | Status |
---|---|---|---|
Eric Xiandong Jing | Alibaba Group, and PepsiCo | Chief Executive Officer | Current |
Name | Eric Xiandong Jing | ||||
---|---|---|---|---|---|
Work History | Alibaba Group, and PepsiCo | ||||
Title | Chief Executive Officer | ||||
Status | Current |
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