Zhong Zhi | Getty Images News | Getty Images. Bottom line: Ant Financial’s valuation looks low but reasonable based on its first major fund raising, and the figure is like to triple or more by the time it makes its domestic IPO in around the next 2 years. BRICS is an acronym for the combined economies of Brazil, Russia, India, China and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050. Alibaba Group is looking to raise $9 billion in its latest round of funding for its affiliate financial services firm, Ant Financial, making it one of the world’s most valuable companies. We don't want to fill you with just the hype. We want to hear from you. Based in Hangzhou, China, Ant Financial owns Alipay, a mobile payments network and is one of the largest non-bank lenders in China. The biggest "constraint" the company faces is attracting more talent to support business growth, according to Feagin. If you’re an interested IPO Investor, or just want more IPO News and Price information, then please download the app. Douglas Feagin, president of International Business Group of Ant Financial. This profile is based on publicly available information and is intended to be informative in nature. The stock has traded in a range between $60 and $82 this year, but many analysts think an ANT Financial IPO could help BABA stock climb as high as $90-$100 a share. The company operates the massive Alipay service that handles financial transactions on Alibaba's Taobao and Tmall e-commerce platforms and can be used as a digital payment option in stores and restaurants. Some analysts are valuing the private company at over $200 Billion! Ant Financial is not publically traded (yet). Still, that's not stopping Ant Financial from setting ambitious targets. TechNode", "Ant Financial acquires UK payments firm - Chinadaily.com.cn", "Trump administration to consider adding China's Ant Group to trade blacklist - sources", "U.S. Explores Curbs on Ant Group, Tencent Payment Systems", "Alipay Overtakes PayPal As The Largest Mobile Payments Platform In The World", "Chinese money market fund becomes world's biggest", "Data From Alibaba's E-Commerce Sites Is Now Powering A Credit-Scoring Service", "Pay with your face at this KFC in China", "Ant Financial Group to create one brand across its financial products", "Hoping to Strike Gold Again, Silver Lake Leads Investment in Koubei", "How Ant Financial grew larger than Goldman Sachs", "Alibaba Finance Affiliate Launches Fund Investment Smartphone App", "Millions Rush to Join a Wild New Health Plan From Jack Ma's Ant", "Chinese initiative Ant Forest wins UN Champions of the Earth award", "Alibaba-linked Ant Forest wins top UN green award - Chinadaily.com.cn", "Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong", "Chinese AI start-up Megvii raises $750 million ahead of planned HK IPO", "Report Shows Sophistication of China Mass Surveillance", "Rights Group Corrects Report Tying Megvii to Xinjiang Police", "Addition of Certain Entities to the Entity List", "李开复"口误"?起底"数据交易"传闻下的旷视科技:卖摄像头才是"主业",蚂蚁是最大股东", "Fintech: AI powers financial services to improve people's lives", "Alibaba's Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong", https://en.wikipedia.org/w/index.php?title=Ant_Group&oldid=986565997, Financial services companies established in 2014, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License, Zhou Zhifeng (Board Secretary and General Counsel), Angel Zhao (President of International Business Group), Huang Hao (President of Digital Finance Business Group), Geoff Jiang (President of Intelligent Technology Business Group), Douglas Feagin (Senior Vice President of Global Business).

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