Search company, investor...

Predict your next investment

Ant Group company logo
Corporation
INTERNET | Internet Software & Services / Payments
antgroup.com

See what CB Insights has to offer

Investments

149

Portfolio Exits

19

Funds

1

Partners & Customers

10

About 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.

Headquarters Location

Z Space No. 556 Xixi Road

Hangzhou, Zhejiang ,

China

+86 571 2688 8888

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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.

W

Wealth Tech

1,882 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.

F

Fintech 250

747 items

P

Payments

2,659 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

N

New Retail Formats

11 items

Companies offering automated checkout solutions for retailers or operating cashless, cashier-free retail stores.

C

Conference Exhibitors

5,302 items

F

Fintech

3,189 items

Track and capture company information and workflow.

Ant Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Ant Group Rank

Latest Ant Group News

Jack Ma Hiding in Japan With Family; Focus on Alibaba Founder as China Protests Spread

Nov 30, 2022

Jack Mas Alibaba to pay $2.7 billion penalty by China Chinese tech billionaire Jack Ma, whose falling out with the Xi Jinping regime nearly destroyed his business empire, has left China and is hiding in Japan, according to reports. The co-founder of Alibaba Group left China along with his family some six months ago and is living in Tokyo, the Financial Times reported. The fortunes of Ma, who enjoyed unrivaled success in the China's tech scene, came crashing down exactly two years ago when he went missing on the national scene for too long, triggering rumors of arrest, illness and even death. Jack Ma makes rare public appearanceWikimedia Commons Beginning of Jack Ma's Troubles In December 2020 there were reports that China was mulling the nationalization of Alibaba. Reports said the Chinese government could be working on a plan to nationalize Jack Ma's Alibaba and the Ant Group. China's ruling Chinese Communist Party (CCP) has gone further ahead with the antitrust investigation into e-commerce giant Alibaba. "Based on tip-offs received by the State Administration for Market Regulation in recent days, the administration will be investigating Alibaba ... for suspected monopolistic activities," the government said. The feared nationalization did not take place, but Beijing's crackdown on the biggest tech group in the country continued unabated. In February, the Ant Group was forced to reach a restructuring agreement with Chinese regulators. As per the agreement, the fintech giant was to be turned into a financial holding company. Under the plan, all of Ant's businesses will be transferred onto a holding company. This includes Ant's technology offerings in sectors like blockchain and food-delivery. Rising Speculation At the beginning of 2021 there was intense speculation that Jack Ma had gone missing , and that he may have been arrested by the government. However, in May, Jack Ma made a rare appearance. The Chinese business tycoon, who had by then lost considerable heft in the aftermath of an ugly faceoff with the Chinese government, made a visit to the Hangzhou campus of Alibaba. Reuters Ant Group IPO Blocked In February 2021, the Chinese Communist Party decided to block the initial public offering of the Ant Group. It was reported that Xi believed that the IPO of Jack Ma's Ant Group would have a host of unwelcome beneficiaries besides adding stress to the financial system. Ant Group's complex ownership structure meant that a host of people in Beijing's crosshairs would have gained immensely from what would have been the world's largest IPO. Massive Fine Slapped on Alibaba And in April, the Chinese government slapped a multi-billion dollar fine on Alibaba. The internet behemoth was hit with a record antitrust fine of $2.84 billion after they found that it had abused its market dominance. Falling Out With Xi Jinping Chinese President Xi Jinping called food waste shameful as he aims to pass the new lawWikimedia Commons Ma has been in the eye of a storm ever since he criticized Chinese President Xi Jinping and questioned the regulatory practices in the country in 2020. His fo rtunes started waning after he criticized President Xi Jinping's regulatory policies. Xi Jinping had said in October 2020 that the plan was to make China a more state-controlled economy based on domestic demand. Ma had obliquely criticized the move, drawing ire from the top echelons of the party-led government. Erosion of Ma's Personal Wealth Jack Ma's net worth was more than halved in the aftermath of the setbacks in his native country. The tech billionaire once had a net worth of more than $50 billion but as pper the latest reports this has been slashed to around $20 billion owing to the meltdown in the Alibaba stock. Read more

Ant Group Investments

149 Investments

Ant Group has made 149 investments. Their latest investment was in Ant Intelligent as part of their Series A on August 8, 2022.

CBI Logo

Ant Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/25/2022

Series A

Ant Intelligent

$12.4M

Yes

1

3/29/2022

Series C

IGEN Tech

Yes

1

1/24/2022

Series B - II

Zhiyoubao

Yes

1

12/24/2021

Corporate Minority

Subscribe to see more

Subscribe to see more

10

11/16/2021

Corporate Minority

Subscribe to see more

Subscribe to see more

10

Date

8/25/2022

3/29/2022

1/24/2022

12/24/2021

11/16/2021

Round

Series A

Series C

Series B - II

Corporate Minority

Corporate Minority

Company

Ant Intelligent

IGEN Tech

Zhiyoubao

Subscribe to see more

Subscribe to see more

Amount

$12.4M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Ant Group Portfolio Exits

19 Portfolio Exits

Ant Group has 19 portfolio exits. Their latest portfolio exit was Orbbec Technology on July 07, 2022.

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

7/7/2022

IPO

$99M

Public

2

5/17/2022

Shareholder Liquidity

Paytm Mall

$99M

2

11/18/2021

IPO

$99M

Public

8

7/26/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

7/16/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/7/2022

5/17/2022

11/18/2021

7/26/2021

7/16/2021

Exit

IPO

Shareholder Liquidity

IPO

Acquired

IPO

Companies

Paytm Mall

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Subscribe to see more

Subscribe to see more

Sources

2

2

8

10

10

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+

$99M

$70M

Corporate Majority

11

2/14/2019

Growth Equity

Subscribe to see more

$99M

Subscribe to see more

10

8/17/2017

Subscribe to see more

$99M

Subscribe to see more

10

4/19/2017

Subscribe to see more

$99M

Subscribe to see more

10

9/13/2016

Series A

Subscribe to see more

$99M

$99M

Subscribe to see more

10

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$70M

$99M

Note

Corporate Majority

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

11

10

10

10

10

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 Singapore Tourism Board on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/27/2022

Client

Singapore

Ant Group Grows Partnership with STB to Drive Tourism Demand from Asia to Singapore

As part of the partnership , Singapore Tourism Board and Alipay + will also explore piloting digital solutions with local businesses in areas such as digitalisation of service operations , digital marketing efficiency and enhancing customer experience .

2

9/28/2022

Partner

United Kingdom

1

9/20/2022

Partner

United States

Nike and Ant Group join hands to encourage sustainability

Nike has partnered with Ant Group 's to launch an official mini programme on Alipay to encourage more consumers to recycle worn-out shoes .

1

8/24/2022

Client

Malaysia

Subscribe to see more

Subscribe to see more

10

8/24/2022

Client

Malaysia

Subscribe to see more

Subscribe to see more

10

Date

10/27/2022

9/28/2022

9/20/2022

8/24/2022

8/24/2022

Type

Client

Partner

Partner

Client

Client

Business Partner

Country

Singapore

United Kingdom

United States

Malaysia

Malaysia

News Snippet

Ant Group Grows Partnership with STB to Drive Tourism Demand from Asia to Singapore

As part of the partnership , Singapore Tourism Board and Alipay + will also explore piloting digital solutions with local businesses in areas such as digitalisation of service operations , digital marketing efficiency and enhancing customer experience .

Nike and Ant Group join hands to encourage sustainability

Nike has partnered with Ant Group 's to launch an official mini programme on Alipay to encourage more consumers to recycle worn-out shoes .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

1

1

10

10

Ant Group Team

15 Team Members

Ant Group has 15 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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Eric Xiandong Jing

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Alibaba Group, and PepsiCo

Title

Chief Executive Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare Ant Group to Competitors

Airwallex Logo
Airwallex

Airwallex is a fintech company that allows customers to issue and pay international invoices and bills. It offers domestic and international business accounts, company cards, and expense management. The company was founded in 2015 and is based in Melbourne, Australia.

Paga Logo
Paga

Paga is a Nigerian fintech company building an ecosystem to enable people to digitally send and receive money, and perform simple financial services. The company was founded in 2009 and is based in Lagos, Nigeria.

Coins.ph Logo
Coins.ph

Coins.ph provides a mobile-first, branchless, blockchain-based platform that offers consumers direct access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines.On April 2nd, 2022, Coins.ph was acquired by Wei Zhou at a valuation between $190M and $200M.

ZEPZ Logo
ZEPZ

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.

M
MoMo

MoMo, operated by M_Service, is an e-wallet application on mobile phones and can be replaced for cash in some types of payments such as money transfer, game top-up, mobile top-up, and bill payment anytime, anywhere. The platform is a safe, simple, convenient, and low-cost method of payment.On December 10th, 2021, Mizuho Bank acquired a minority stake in MoMo for $170M.

T
Toss

Toss, created by Viva Republica, is a mobile finance app that provides P2P money transfer services. The platform offers a range of financial services in one app, including a financial dashboard, credit score management, customized loan/insurance plans, as well as multiple investment services. The company serves users in South Korea. It was founded in 2013 and is based in Seoul, South Korea.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.