Ant Group Co., Ltd.
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Ant Group Co., Ltd. - overview
Established
2004
Location
Hangzhou, Zhejiang, China
Primary Industry
Financial Services
About
Founded in 2004 and based in Hangzhou, China, Ant Group Co. , Ltd. develops and operates Alipay, a financial services platform that provides consumers and small businesses with online payment solutions through a credit system. In 2014, the company changed its name from Alipay to its current name.
In 2017, Ant Group formed a joint venture with CK Hutchison Holdings and launched a digital payment service. In 2018, Ant Group launched a blockchain-based cash remittance service that allows cash transfer services between countries such as Hong Kong and the Philippines. In 2020, Ant Group withdrew its listing plan. In November 2022, Ant Group raised USD 6.
5 billion in venture debt. Ant Group Co. , Ltd. 's main service is Alipay which is a mobile and digital payment service used throughout China.
Alipay can be used both on offline and online platforms and offers digital payment services to businesses. Ant Group also operates Zhima Credit, a private credit rating system that is used to apply for loans from Ant Financials.
Current Investors
China Investment Corporation, China Development Bank Capital, Primavera Capital Group
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting/Finance Software
Website
www.antgroup.com
Verticals
FinTech, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
Ant Group Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 |
|---|---|---|---|
| Revenue (USD) | - | - | - |
| % Revenue Growth (YoY) | - | - | - |
| EBITDA (USD) | - | - | - |
| Operating Income (USD) | - | - | - |
| Operating Margin | - | - | - |
| % EBITDA Margin | - | - | - |
| NET Income (USD) | - | - | - |
| % Net Margin | - | - | - |
Ant Group Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Orca Pharmacy | - | ||||||||
| Public to Private | Completed | Clear Media Limited | - | ||||||||
| Trade Sale | Completed | World First UK Ltd | - | ||||||||
| Add-on, Trade Sale | Completed | Beijing Home Food Management Co., Ltd. | - | ||||||||
| IPO | Completed | Yum China Holdings, Inc. | - |
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