Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. IPO Ant Group Digital Banking Innovation international Investment IPOs jack ma News What's Hot

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What Will Ant Group Look Like A Year From Now?

PYMNTS

What’s next for Ant Group – and by extension, Jack Ma? . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO). In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. .

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China's Retail Investors Order Over $2.8T Of Ant Group Stock

PYMNTS

Ant Group indicated on Thursday (Oct. Individual investors in Hong Kong have rushed to purchase into the initial public offering (IPO), as they wager that Ant Group will spike in value following its public debut on Thursday (Nov. 29) that retail investors in mainland China made over $2.8

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Uber Eats Introduces Group Ordering

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Uber has introduced a group ordering option, the company said in a blog post. . Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said. Feel like a hero when you host thanks to group ordering on ubereats.com.”. Delivery delivery Group Ordering group orders News Retail Ridesharing Uber Uber Eats What's Hot

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ABCs of Data Normalization for B2B Marketers

Data normalization. It’s not a far stretch to suggest that the topic isn’t exactly what gets marketers excited in their day-to-day workflow. However, if lead generation, reporting, and measuring ROI is important to your marketing team, then data normalization matters - a lot. In this eBook, we’ll break down the ins and outs of data normalization and review why it’s so critical for your marketing strategies and goals!

Foreign Investors Stand To Gain $8B With Ant Group’s IPO

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Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. IPO Ant Group international Investments ipo News What's Hot

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Ant Group Moves Ahead With $35B IPO After China's OK

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Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. The Ant Group listing would be the first to be on both the new STAR Market in Shanghai and in Hong Kong.

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Ant Group Reels In Small Investors As IPO Nears

PYMNTS

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group is the online payment affiliate of China-based Alibaba Group Holding.

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Ant Group Launches Copyright Services Platform

PYMNTS

If so, Chinese FinTech Ant Group has a deal for you. As Ant Group is on the verge of launching a blockbuster, $35 billion IPO , its blockchain business, AntChain, has unveiled a new platform designed to help those on the creative side of the aisle protect their work from poachers.

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First Citizens, CIT Group Merger Will Create $100B Bank

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billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. Partnerships / Acquisitions acquisitions banking CIT Group First Citizens M&A mergers News partnerships What's HotAn approximate $2.2

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Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning

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The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. Also summoned were Ant Group Chairman Eric Jing and Chief Executive Simon Hu.

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Postmates Rolls Out Group Ordering

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Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained. Name your group, set a spend limit for your guests, and share it out.”. DoorDash has been offering group orders on its site since 2015 and on its app since 2017, while Caviar (now owned by DoorDash) offers group orders on a desktop web browser.

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Sweden’s Folksam Insurance Group Reports Data Breach Involving Big Tech

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One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Security & Fraud Big Tech Cybersecurity Data Breach Folksam Group Insurance international News Security Sweden What's Hot

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Ascena Retail Group Considers Bankruptcy Filing

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With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Retail Ann Taylor Ascena Retail Group bankruptcy Catherine’s Lane Bryant News What's HotA Chapter 11 filing would let the firm maintain the operation of some of its brands as it looks to sell other names and could come as early as July, Bloomberg reported, citing unnamed sources.

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Western Union Teams With Isabel Group To Offer Payments In Belgium

PYMNTS

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release.

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Ant Group IPO Delay Costs Alibaba Billions In Value As Stock Drops

PYMNTS

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. Ant Group was looking to raise around $35 billion in proceeds from the offering.

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Banking industry groups seek help on COVID-19

Mobile Payments Today

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives

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Eurozone banks form payments group to take on Visa, Mastercard

Mobile Payments Today

A group of Eurozone banks are coming together to provide some competition in the payments space against Visa and Mastercard

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Ant Group's Planned IPO Could Raise A Record $35B

PYMNTS

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., 18), Shanghai regulators approved Ant Group’s request to proceed with its IPO share sale. Ant Group declined to comment in an emailed statement.

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

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Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Hangzhou, China-based Ant Group was rolled out in 2014 to offer international financial services.

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Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

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Online sneaker marketplace Goat Group has raised $100 million in a Series E funding round, according to The Wall Street Journal (WSJ), which will go toward expanding its products and apparel categories. Goat Group and StockX are among the prominent new companies arising because of the trend.

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Chinese Conglomerate Fosun Group Bets Big on Blockchain

Bank Innovation

A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technologybillion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform.

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Ant Group Seeks $225B Valuation Ahead Of Planned Dual Listing

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As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. The news comes as Ant Group gained profits of $1.3 Alibaba Group Holding Co.

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Aite Group ranks fintechs on commercial loan automation

BankInovation

The vendors notched impressive scores in a report released this week by Aite Group, “Lenders’ perspectives: commercial loan origination automation.” Automation Abrigo Aite Group Baker Hill Global Wave Group nCino Newgen Premium Q2

CUNA Mutual Group acquires ForeverCar

American Banker

Auto insurance Credit unions Insurance M&A CUNA Mutual Group Growth strategiesThe deal, intended to bolster CUNA Mutual's digital capabilities, is the company's second such move in a month.

Astralis Group Bets On eSports Digital 3.0 Transformation

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As the chief operating officer and co-founder of Copenhagen-based Astralis Group , Jakob Lund Kristensen walks both sides of the eSports line. Astralis is a group of eSports teams that is pioneering the approach to the eSports industry by treating its gamers like athletes. Innovation AR Astralis Group Augmented Reality banking challenger bank digital digital natives eSports Featured News Gaming live gaming Lunar Mobile Applications NewsThe shift to Digital 3.0

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CME Group Announces Plans for Bitcoin Futures, Causing Price Surge

Bank Innovation

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. Cryptocurrency Exclusive Online Payments Bitcoin bitcoin futures CME Group cryptocurrency futuresThe announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300. The launch of these futures is pending approval by regulators, according to a […].

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New Chinese Regulations Stall Ant Group IPO Until At Least April

PYMNTS

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. That, according to Ant Group, could take as much as six months.

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Facebook Brings Subscription Service To Groups

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Facebook announced that it is testing out subscriptions with a small number of groups to support group admins who lead the communities. Group admins build safe and supportive communities that people come back to every day,” wrote Alex Deve, Product Director, Groups, at Facebook. “We The groups will then share input and feedback with the social media giant. With this new subscription service, reports say that the group admins will be allowed charge $4.99

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Ant Group IPO Pricing Could Reach $35B, Report Says

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Ant Group was said recently to be pondering a $280 billion minimum valuation for the double listing, a 12 percent hike from the previous amount speculated. Alibaba founder Jack Ma has said the upcoming dual listing for Ant Financial is “the largest in human history,” according to Reuters.

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Airbnb Rolls Out Group Payments

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Booking a group trip on Airbnb just got easier: Users now have the ability to split payments with their fellow travelers. A recent poll from Airbnb found that 43 percent of users have lost $1,000 or more in repayments from group trips, 18 percent say they’ve lost $10,000 or more from not getting repaid after group trips and 29 percent have fought with a friend over group trip repayment.

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Groups Urge Judge To Let Citi Have The Rest Of Its $900M Back

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Financial services trade groups are on Citigroup 's side in the case of the $900 million the bank accidentally sent to creditors last August, Bloomberg reported Wednesday (Nov. But the trade groups say Citi needs the other $500 million back, too.

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Walmart Could Invest $25B In Developing Tata Group’s ‘Super App’

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The Tata Group ’s app, on track to debut by year’s end or January of 2021, will offer food and grocery ordering, fashion and lifestyle, consumer electronics and consumer durables, insurance and financial services, education, healthcare and bill payments. Walmart Inc.

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Taking The Pain Out Of Group Outings

PYMNTS

Every group of friends has a social director, Fevo CEO Ari Daie told Karen Webster in this week’s Matchmakers conversation – that one person who organizes the cats and gets a group of otherwise passive adults organized for a game, concert or weekend trip. They have to organize the group, figure out when everyone is free, what they want to pay for tickets and then how to purchase that block of tickets for the group. [link].

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Aite Group’s von Wezel: Open banking is facing a trust deficit

Bank Innovation

Though open banking is gaining advocates in the financial industry and regulatory bodies, a recent Aite Group study suggests many consumers may not be ready for it. The core problem, according to a recent Aite Group study, is an understanding gap. Carousel Customer Experience Open Banking Premium Retail Banking Aite Group APIs APIs open banking open banking

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