ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Ant's IPO plan: What to know about China's $200bn fintech king

Company controlled by Alibaba founder Jack Ma plans dual listing this year

Ant Group is planning a dual IPO as competition in China's digital payments market heats up. (Source photos by Reuters and AP)

HONG KONG -- Ant Group, the fintech affiliate of Chinese ecommerce titan Alibaba Group Holding, said on Monday that it will seek an initial public offering in Shanghai and Hong Kong. The Hangzhou-based fintech firm, valued at least $200 billion, aims to sell 10% of its shares through the dual listing, the Nikkei Asian Review has learned.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more