19 Facts About Ant Financial


Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.

FactSnippet No. 1,664,085

In September 2016, Ant Financial Group bought EyeVerify Inc and the company was rebranded as Zoloz.

FactSnippet No. 1,664,086

In September 2017, Ant Financial Group formed a joint venture with Sir Li Ka-shing's CK Hutchison Holdings to launch a digital wallet service in Hong Kong.

FactSnippet No. 1,664,087

In January 2020, Ant Financial Group applied for a digital banking license in Singapore.

FactSnippet No. 1,664,088

In 2020, Ant Financial Group intended to complete an initial public offering, aiming to raise $34 billion by listing.

FactSnippet No. 1,664,089

Ant Financial began working to address regulator concerns in January 2021, though no public plans for an IPO have been announced as of September 2021.

FactSnippet No. 1,664,090

Ant Financial did not appear in public between October 2020 and January 2021.

FactSnippet No. 1,664,091

Ant Financial Group was later ordered by the People's Bank of China on 26 December 2020 to "rectify" its business and formulate an implementation timetable.

FactSnippet No. 1,664,092

The central bank summoned Ant Financial executives, saying that the Group lacked an effective governance mechanism, defied regulatory compliance requirements and engaged in regulatory arbitrage.

FactSnippet No. 1,664,093

On 15 January 2021, Ant Group announced that it will overhaul its business structure in accordance with the Chinese central bank and its financial regulators' wishes.

FactSnippet No. 1,664,094

In 2022, Ant Group launched a new investment advisory service named "Golden Choice Investment Consultants " in partnership with six financial institutions – Aegon-Industrial Fund, Southern Asset Management, Zhong Ou Asset Management, GF Fund Management, Harvest Wealth, and Caitong Securities.

FactSnippet No. 1,664,095

On 14 February 2019, Ant Financial Group acquired the British international money transfer services provider WorldFirst for $700 million.

FactSnippet No. 1,664,096

In 2015, Ant Financial Group launched Ant Financial Fortune, a wealth management platform.

FactSnippet No. 1,664,097

Ant Financial Fortune offers hundreds of products from more than 80 Chinese fund institutions.

FactSnippet No. 1,664,098

In June 2017, Ant Fortune launched a Fortune Account service platform that allows financial institutions to publish content and sell their financial products there.

FactSnippet No. 1,664,099

In October 2018, Ant Financial Group launched the Xianghubao mutual protection plan that attracted 50 million people to sign on in half a year.

FactSnippet No. 1,664,100

In September 2019, a product within the Alipay app called Ant Financial Forest received a Champions of the Earth award, the United Nation's highest environmental honor, for turning the green activities of half a billion people into real trees planted in some of China's most arid regions.

FactSnippet No. 1,664,101

In 2021, Ant Financial Group revealed at the Digital China Summit that it has been cooperating with the People's Bank of China since 2017 to develop and test e-CNY, an official digital currency.

FactSnippet No. 1,664,102

Ant Financial Group is among the early-stage investors of Megvii, a Beijing-based company known for providing artificial intelligence products to various businesses including Ant Financial itself.

FactSnippet No. 1,664,103