The Business Times

Ant Group

Banking & Finance

StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback

The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient

Ant is investing in AI as it seeks a new chapter after the regulatory crackdown that ended about two years ago.
Banking & Finance

Jack Ma-backed Ant’s profit grew 10% after AI, global expansion

The company contributes 2.7 billion yuan of profit to Alibaba Group Holding

Ant Group CTO Dr He Zhengyu is not only an AI evangelist but also a strong advocate for talent development.
Startups & Tech

AI isn’t the rival, the person who masters it is: Ant Group CTO

For those outside the tech sphere who fear being left out, Dr He’s advice is simple: Co-create with AI

Although Beijing remains risk-averse, it increasingly views the fintech sector as having sufficient oversight, while consumer subsidies are indirectly spurring growth.
Consumer & Healthcare
ANALYSIS

China’s internet firms cautiously revive lending as Beijing pushes consumer loans

The more stable regulatory environment positions firms such as Ant, Meituan and ByteDance for faster growth and higher margins

The privatisation of Mandarin Oriental is in line with its capital allocation framework, says Jardine Matheson.
Companies & Markets

Alibaba, Ant buying top half of Mandarin Oriental Causeway Bay tower for US$925 million

Jardine Matheson moves to delist Mandarin Oriental for US$3.35 a share, including a US$0.60 special dividend from HK property sale

Ant Digital is also contributing to a Hong Kong Monetary Authority-led sandbox aimed at promoting the use of blockchains to tokenise real-world assets.
Companies & Markets

Ant digital arm puts 60 billion yuan energy assets on its blockchain

The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for the companies that operate them

Ant revamped its business model and undertook an organisational overhaul after a Chinese regulatory crackdown that followed its aborted listing in 2020.
Companies & Markets

Jack Ma-backed Ant’s profit dives 60% after AI, global expansion

ANT Group’s quarterly profit fell 60 per cent, after the Chinese digital payments giant made more inroads overseas and invested in artificial intelligence (AI) to grow its revenue. 

Ant processed more than US$1 trillion of global transactions last year, a third of which were handled by its blockchain.
Banking & Finance

Jack Ma-backed Ant to add Circle’s stablecoin to global net: sources

Stablecoins are gaining more acceptance after the US Senate passed legislation in June setting up rules for cryptocurrencies pegged to the US dollar

Singapore-based Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August.
Banking & Finance

Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources

The move is designed to bolster the fintech firm’s blockchain operation underpinning its cross-border payment and treasury management services

Considering Alibaba’s one-third stake in Ant, that translates to an estimated 5.3 billion yuan in profit for the three months ended Dec 31.
Telcos, Media & Tech

Jack Ma-backed Ant’s profit fell 31% on AI, new business costs

The Hangzhou-based online finance firm contributed 1.76 billion yuan (S$317.5 million) of profit to Alibaba Group Holding

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