Alipay office in Shanghai. Credit: Andy Feng, Shutterstock
Ant Group, valued at $150 billion in 2018, is considered one of the world’s most valuable private companies. The company, which recently released its IPO prospectus, will dual-list on the Hong Kong Stock Exchange and the Shanghai STAR Market this month or next, and its IPO is likely to be the biggest in history, topping the offerings of Saudi Aramco and Ant’s own parent, Alibaba.
This week, we take a look at how Ant Group stacks up against global payments and financial companies, who controls the company, and who stands to benefit most from its IPO.
Ant Group is Among the Most Successful Fintech Companies in the World
Ant Group ranks among some of the world's most recognizable payments and credit card companies by revenue.
Data: Companies' annual reports, year ended Dec. 31 2019.
*Visa revenue is for fiscal year ended Sept. 30, 2019.
Ant Group ranks among the biggest fintech and payments companies in the world by revenue. The company is known mainly for its payments a
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Robert Lighthizer, the U.S. Trade Representative under Donald Trump, reflects on his decision to launch the trade war with China and begin the process of "strategic decoupling" — a process he says the U.S. must see through to the end.
