Ant Group

Jack Ma-backed Ant’s profit falls 91% on AI spending, fair value

The firm invests in AI to drive a new growth chapter after a regulatory crackdown ended two years ago

The Ant unit that controls Wealthiness and Prosperity holds various investments in the digital brokerage sector.

Ant Group secures China nod for Hong Kong brokerage acquisition

The deal is now expected to close on Mar 30, the filing says

The company says its system is designed to reduce administrative burdens and make consultations more efficient, rather than replace doctors.

Jack Ma-backed Ant bets on AI health in 480 billion yuan sector race

The move comes with risks in a digital health sector littered with companies that scaled quickly, but struggled to turn a profit

The talks between the Indian government, central bank officials and Ant International, founded by Ant Group and now operating independently, reflect the further warming of ties with China.

India in talks to allow Alipay+ to link with instant payment system: sources

The move will ease payments for its tourists, enabling them to use its UPI with merchants in countries that have signed up with the platform

StanChart says that it aims to “set the blueprint” for how commercial banks can help companies move money between traditional bank accounts and modern blockchain networks.

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.

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.

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.
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.

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.

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