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

Investments

154

Portfolio Exits

20

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

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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.

W

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.

F

Fintech 250

747 items

P

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.

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

3,403 items

Track and capture company information and workflow.

Latest Ant Group News

US fund gaint Vanguard to close Shanghai office, exit JV with Ant

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.

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Ant Group Investments Activity

investments chart

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

4

2/2/2023

Series A - II

E-C Digital

Yes

1

12/5/2022

Series A

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$99M

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10

8/25/2022

Series A

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$99M

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10

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

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

1

10

10

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

$99M

1

7/7/2022

IPO

$99M

Public

2

5/17/2022

Shareholder Liquidity

Paytm Mall

$99M

2

11/18/2021

IPO

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$99M

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10

7/26/2021

Acquired

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$99M

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10

Date

3/9/2023

7/7/2022

5/17/2022

11/18/2021

7/26/2021

Exit

IPO

IPO

Shareholder Liquidity

IPO

Acquired

Companies

Paytm Mall

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

2

2

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

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$99M

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10

8/17/2017

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$99M

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10

4/19/2017

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$99M

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10

9/13/2016

Series A

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$99M

$99M

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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

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$70M

$99M

Note

Corporate Majority

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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 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

United Kingdom

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10

9/20/2022

Partner

United States

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10

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

United Kingdom

United States

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 .

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Sources

7

1

3

10

10

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

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Name

Eric Xiandong Jing

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Work History

Alibaba Group, and PepsiCo

Title

Chief Executive Officer

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Status

Current

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