Ant Group’s Valuation Tops $200 Billion

PYMNTS

Based on Ant Group ’s 2020 numbers, some investors around the world have tagged the Chinese company with a valuation in excess of $200 billion, Reuters reported on Tuesday (March 16), citing sources. Investments Ant Group Digital Banking international ipo News What's Hot

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Uber Eats Introduces Group Ordering

PYMNTS

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.

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Eddie Bauer Joins Growing Retail Stable Of Simon Property-Authentic Brands’ SPARC Group

PYMNTS

Eddie Bauer, the 100-year-old outdoor sportswear retailer, will become the sixth retail brand added to the stable of SPARC Group, a four-year-old joint venture between mall owner Simon Property Group and brand licensing and development firm Authentic Brands Group (ABG).

Global Investors Go Soft On Ant Group’s Valuation

PYMNTS

Investors are now going soft on Ant Group, once valued in excess of $300 billion, following stricter Chinese regulations and the cancellation of its November 2020 initial public offering (IPO) by the government, The Wall Street Journal reported on Monday (May 3).

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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!

US House Passes Bill To Form ‘Digital Asset Working Group’ 

PYMNTS

House of Representatives passed several pieces of legislation focused on financial services – with one key bill aiming for clarity and transparency in the crypto space through a working group staffed by individuals from two regulatory commissions.

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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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Improving Your Bank's Digital Experience

ATM Marketplace

Rick Jaros, a principal with Spinnaker Consulting Group, has experience in digital integration, business strategy and change management. For the past 20 years he has worked as an executive with some of the largest banks in the U.S.

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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

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 Hot

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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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Benetton Group Teams With Retail Intelligence Firm EDITED

PYMNTS

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec.

Groups 200

Chinese Regulators, Ant Group Agree On Restructuring Plan For FinTech

PYMNTS

Chinese regulators along with Jack Ma and his Ant Group have reached an agreement that would turn the financial technology company (FinTech) into a financial holding company. Alibaba Group , which billionaire Jack Ma founded in 1999, owns about one-third of Ant , a spinoff company.

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Postmates Rolls Out Group Ordering

PYMNTS

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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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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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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Astralis Group Bets On eSports Digital 3.0 Transformation

PYMNTS

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.

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Report: Jack Ma Offered Part Of Ant Group To Chinese Government To Smooth Over IPO Fiasco

PYMNTS

An Ant Group spokesman refused to discuss the substance of the meeting involving Ma and regulators, WSJ reported. WSJ reported that the dispute between Ma and government officials was the cause for the cancellation of Ant Group's planned initial public offering (IPO) earlier this year.

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Online Bookmaker Betway Parent Super Group Bets On $5.1 Billion SPAC Deal

PYMNTS

Super Group , the parent of online betting company Betway , is preparing to go public in a deal that would value Super Group at roughly $5.1 IPO Betway IPOs News SPACs Sports Entertainment Acquisition Super Group What's Hot

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BCB Group To Help B2B Treasuries Adopt Crypto

PYMNTS

BCB Group , which works in global digital finance, has rolled out a new program to help get corporate treasury departments to embrace digital assets, a press release says. B2B Payments B2B BCB Group cryptocurrencies Digital Payments News treasury What's Hot In B2B

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Chinese Government Asks Ant Group To Share Consumer Data

PYMNTS

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group , which he's largely resisted doing for years, The Wall Street Journal (WSJ) reports.

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Ingrooves Music Group Debuts Music Royalty Accounting Software

PYMNTS

Ingrooves Music Group is providing independent musicians and labels with royalty accounting software, Music Business Worldwide reported. B2B Payments B2B Digital Payments Ingrooves Music Group News software What's Hot In B2B

South Africa’s MTN Group First-Quarter Revenue Up 18 Pct

PYMNTS

Mobile operator MTN Group, headquartered in Johannesburg, Africa, reported first-quarter 2021 results that moved past medium-term guidance, driven in part by an uptick in data and FinTech revenue. Increases in revenue came from group data, digital entertainment and online learning.

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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO

PYMNTS

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history.

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

PYMNTS

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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Frasers Group Could Purchase Debenhams Department Store Chain

PYMNTS

high street, Frasers Group said it is in talks to purchase the Debenhams department store company from administrators, The Irish Times reported. The news came after Arcadia Group, Debenhams' largest concession operator, fell into administration.

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

PYMNTS

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 Overhauling Operations To Satisfy Chinese Regulators 

PYMNTS

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Regulation Ant Group china international jack ma News regulations What's Hot

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Two more groups submit Singapore digital banking license bids

Bank Innovation

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd.

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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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Coupa Acquires BELLIN Group To Boost Treasury Services

PYMNTS

Coupa Software , which works in business spend management, announced that it has acquired treasury management software BELLIN Group , according to a press release. B2B Payments Acquiring Acquisition B2B BELLIN Group Coupa software News spend management treasury management What's Hot In B2B

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

PYMNTS

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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How Citizens Financial Group Is Driving Omnichannel Banking Forward

PYMNTS

These interactions must give consumers the impression that they are still transacting with the same bank regardless of which channel they have chosen to use, said Eric Schuppenhauer , president of consumer lending and national banking at Citizens Financial Group.

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Many Restaurant Groups Waiting For Vaccine Before Reopening Dining Rooms

PYMNTS

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus.

Groups 207

RecVue, Effectus Group Partner To Boost Order To Cash Operations

PYMNTS

RecVue, which works in order-to-cash automation, has entered into a partnership with Effectus Group, a consulting firm working with technical accounting practices, to help companies access the best order-for-cash services and get money from B2B payments flowing more smoothly.

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