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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . Last month, the company once known as Ant Financial Services Group won approval from Chinese regulators to drop the word “financial” from its name, so now it is called Ant Group.

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Tencent Net Income Rises Despite Slow Sales, Economy In China

PYMNTS

Tencent, China’s popular online and entertainment company, saw its slowest sales growth since it went public in 2004, as it battled a sputtering economy and tried to revitalize a gaming division that’s seen some setbacks, according to a report by Bloomberg. The fact that the country is still in a fight with the U.S.

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Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. The European Union is also gearing up to promote new, continent-wide mandates that would promote FinTech growth and investments, especially post-Brexit.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now. What is mortgage tech?

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What The Largest Global Fintech Can Teach Us About What’s Next In Financial Services

CB Insights

Ant Financial was initially launched to support online payments. Today, it’s the largest fintech player globally. Learn how Ant Financial grew from an online payments service to a fintech giant across payments, investing, lending, and insurance. The effects of regulation. Table of contents. Credit scoring.

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