
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
1,990 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
2,868 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
3,403 items
Track and capture company information and workflow.
Research containing Ant Group
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ant Group in 22 CB Insights research briefs, most recently on Nov 19, 2022.

Nov 19, 2022
State of Enterprise Blockchain 2022
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022


Latest Ant Group News
Mar 22, 2023
21 March, 2023 US fund giant Vanguard Group is shutting its main Shanghai office and exiting from a joint venture with Ant Group, five sources with knowledge of the matter said, moves that will end its six-year presence in the world’s second-largest economy. A complete exit from China’s 27 trillion yuan ($3.92 trillion) funds market would come about two years after the firm said it would not pursue setting up a fund management unit, a U-turn from previous ambitious expansionary plans in the market. Ant said the JV and the fund advisory service “are operating as usual”, while Vanguard did not reply immediately to a request for comment. Vanguard, with $7.1 trillion in assets under management globally, owns a 49% stake in the Ant-controlled JV. Ant has been notified about the planned withdrawal and is considering acquiring Vanguard’s stake, the sources said, declining to be named because the conversations were private. The planned exit contrasts with expansions in China by U.S. rivals BlackRock and Fidelity in recent years. In addition, the bank asset management arms of JPMorgan and Morgan Stanley each received approval to take full ownership of their existing China operations earlier this year. Vanguard is moving to close its Shanghai office, a separate entity from the JV with its own product and technology teams, and to lay off the staff there, according to two of the sources. The U.S. firm has notified the Shanghai local government, one of the sources said. The Shanghai government did not respond immediately to a request for comment. Chinese media Caixin first reported Vanguard’s planned exit from China last week. The Vanguard-Ant JV said in a company statement that it had 3 million investors as of January 2022. Its fund portfolio services rely heavily on automation. Reuters
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 | 4 | |
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 | 4 | 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 National Basketball Association (NBA) on February 2, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
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 | 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 . | 3 | |
9/28/2022 | Partner | ||||
9/20/2022 | Partner |
Date | 2/21/2023 | 12/13/2022 | 10/27/2022 | 9/28/2022 | 9/20/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Client | Partner | Partner |
Business Partner | |||||
Country | United States | United States | Singapore | ||
News Snippet | 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 . | 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 . | ||
Sources | 7 | 1 | 3 |
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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