Ant Group
蚂蚁集团
Finance, Insurance & FintechHangzhou · Yangtze River Delta
Business focus
Finance, Insurance & Fintech
Description
Ant Group (蚂蚁集团), formally established in Hangzhou on 16 October 2014 as a spin-off from Alibaba Group (which retains 33%), operates Alipay — used by over 1 billion people, controlling more than half of China's mobile payments. HQ is the 'Ant Z-Space' in Hangzhou's Xihu district. It also runs Yu'ebao money-market funds, Huabei/Jiebei credit, MYbank for SMEs and Zhima Credit scoring; its ~$310bn 2020 IPO was suspended by regulators.