Remove Groups Remove Management Remove Marketing Remove Online
article thumbnail

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. Ant Group gets most of its revenue from consumer loans made on the Alipay payments app.

Groups 205
article thumbnail

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. We set up Ant Bank with the intention of providing increasingly mature FinTech products and services to the Hong Kong market and to provide a new choice to people locally.”. billion yuan ($10.5

Groups 272
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards

PYMNTS

In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. Ant Group is best known for its wildly popular payment and loans app Alipay , which has both online and mobile platforms. The company did not elaborate.

Groups 242
article thumbnail

U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. Central Bank Digital Currency (CBDC) ).

article thumbnail

Report: UnitedHealth Buys Online Pharmacy Startup DivvyDose

PYMNTS

UnitedHealth Group Inc. , the world’s largest healthcare company by revenue, has purchased DivvyDose, the Illinois-based online pharmacy startup, for about $300 million, sources told CNBC. CNBC reported giant retailers and health plans are acquiring online pharmacy startups as a way to make it easier for patients to access medicines.

Online 198
article thumbnail

FMCG Data Startup Convert Group Notches €1.2 Million

PYMNTS

To bring online shopping visibility to fast-moving consumer goods (FMCG), Greece-based Convert Group has notched €1.2 eRetail Audit,” which is the central offering of the upstart, is said to be a digital platform that offers online retail market share information for “sell-out” consumer merchandise in units, value and volume.

Groups 141
article thumbnail

Auto1 Online Car Marketplace Plans To Go Public

PYMNTS

Berlin-based Auto1 Group said on Wednesday (Jan. Since its beginnings nine years ago, Auto1 has expanded into 30 European markets and has traded more than two million cars. In July, Auto1 raised $300 million in funding in a round led by Farallon Capital Management and the Baupost Group. billion) from the stock sales.

Online 131