Accelerators & Incubators
Policy & Regulation
Grab, Sea And Ant Group amongst 4 Selected for Singapore Digital Banking Licenses
MAS said in a press release that successful applicants had met all relevant prudential requirements and licensing pre-conditions. The four digital banks are expected to commence operations from early 2022.
China’s Ant Considers Paytm Stake Sale amid Tensions with India
Both Ant and Paytm said that the information was incorrect. A Paytm spokesman said “there has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake.”
New Chinese Regulations May Slash Ant Group’s Valuation by Half
The reduced valuation also means potentially lower fees for investment banks like China International Capital Corp that were counting on a windfall from Ant’s record-setting IPO.
Shanghai Exchange Suspends Ant Group’s A-Share IPO on STAR Market
China’s top financial regulators summoned Ant Group Co Ltd’s founder Jack Ma and two top executives to a meeting on Monday during which they told that the company’s lucrative online lending business faces tighter government scrutiny.
Ant Draws USD 2.8 Trillion in Bids from Mom-And-Pop Investors in Shanghai
Ant aims to raise at least USD 34.4 billion before exercising the overallotment between the two centers.
Ant Group Gets Chinese Nod for HK Leg of $35b Dual-Listing
The China Securities Regulatory Commission (CSRC) is also expected to approve Ant’s Shanghai Star Market IPO this week, said the IFR report.
Singapore’s Temasek, GIC Consider Joining Chinese Ant Group’s IPO
The Star Market listing committee will meet on September 18 to vet Ant’s application while the Hong Kong listing is also in process. The IPO could come as soon as in October.
China's Alibaba Suspends Its India Investment Plan Amidst Increased Scrutiny
The pause in new investments also comes due to changes in foreign direct investment (FDI) rules that mandate prior government approval for investments from countries that have a land border with India.
Alibaba’s Fintech Arm Ant Group to Set Up Consumer Finance Firm in China
Ant plans to team up with Nanyang Commercial Bank and Alibaba-backed intelligent transport services firm China TransInfo Technology for the consumer finance business.
Ant Group Makes Pre-Listing Filing in China for Blockbuster IPO
Ant Group did not disclose the size, timetable or other details of the offering at the time.
Volanews 2018–2019 Guangzhou Vola Information Technology Co., Ltd. All rights reserved.