An employee scans a quick response code displayed on the Ant Group's Alipay app. Ant Group is preparing for a dual initial public offering in Shanghai and Hong Kong., has given the first look at its financials ahead of its highly-anticipated initial public offering , in a document filed on Tuesday.
The financial technology powerhouse, which is still controlled by Alibaba founder Jack Ma, reported profit of 21.9 billion Chinese yuan on total revenues of 72.5 billion yuan in the first half of the year, according to the exchange filing.on the Shanghai stock exchange's STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange.
after a few high profile frauds from Chinese public companies along with Wirecard, are there any additional measures being taken to protect investors here? I know Alibaba has had clean statements, but it seems like self governance is not enough.
Baba is about to explode
Ant Financial is the bank loan killer in China.
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Source: WSJ - 🏆 98. / 63 Read more »