Alibaba's Ant Group Explores Listing Its Overseas Arm Ant International on Hong Kong Stock Exchange
TMTPOST -- Jack Ma’s fintech powerhouse, Ant Group, which operates China’s widely used mobile payments app Alipay, has reportedly initiated discussions with regulators regarding a potential listing of its overseas unit, Ant International.
According to an exclusive report by Reuters on Monday, citing unnamed sources familiar with the matter, Ant International is registered in Singapore. The exploration of this listing marks a significant strategic move for the fintech affiliate of Alibaba Group Holding (NYSE: BABA), as it seeks to expand its footprint in global markets.
The potential listing on the Hong Kong Stock Exchange could provide Ant International with access to new capital and strengthen its position in the international fintech landscape. This development follows Ant Group’s earlier IPO attempt in 2020, which was suspended amid regulatory scrutiny and reshaped the company’s growth trajectory.
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