Ant Group
Funding History
| Series B · 04/2016 | $60.0B |
|---|---|
| Series C · 06/2018 | $150B |
| Share Buyback / Employee Incentive Repurchase · 07/2023 | $78.5B |
About
Ant Group Co., Ltd. is the fintech affiliate of Alibaba Group, formed in October 2014 around Alipay, the payments platform Alibaba spun out in 2011. Following a 2023 voting-structure restructuring, no single shareholder controls the company; founder Jack Ma's voting power was reduced to approximately 6.2%.
- CEO
- Cyril Han
- Chairman
- Eric Jing
- Founder
- Jack Ma
- Employees
- ~16,660
- Headquarters
- Hangzhou, Zhejiang, China
- Founded
- October 16, 2014
- Website
- antgroup.com
Overview
Ant Group is a Chinese financial technology company headquartered in Hangzhou, best known as the operator of Alipay, one of the world's largest mobile and online payments platforms. It was formally established on October 16, 2014 as Ant Financial Services Group, an affiliate of Alibaba Group, and traces its roots to Alipay, which Jack Ma and Alibaba launched in 2004 as an escrow payment service. Ant Group operates far beyond payments today: it runs Ant Fortune (wealth management/mutual fund distribution), Huabei and Jiebei (consumer credit), MYbank (a digital bank for small businesses), Zhima Credit (a credit-scoring system), and an insurance platform, alongside Ant International, its overseas cross-border payments and digital-finance arm. The company's planned $34.5 billion dual Shanghai/Hong Kong IPO was suspended by Chinese regulators in November 2020, days before it was due to price, triggering a multi-year restructuring into a financial holding company subject to bank-like capital rules and a steep markdown in its private valuation. Since regulators cleared the way in 2023, Ant has rebuilt around AI, pushing generative-AI features into Alipay, its AI health app AQ, and enterprise AI tooling, while Ant International has pursued a possible Hong Kong listing and stablecoin licensing.
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