Financial News
Written by: Ou Jiajun
2020-07-20 17:24
Last update date: 2020-07-20 17:24Ant Group, a subsidiary of Alibaba (9988) and Alipay's parent company, announced today (20th) that it will seek simultaneous issuance and listing on the Hong Kong Stock Exchange and the Shanghai Stock Exchange Science and Technology Innovation Board to further support the digital upgrade of the service industry to expand domestic demand and strengthen global cooperation to help the world Sustainable development, and support the company to increase technological research and development and innovation.
Ant Financial is one of the world's largest unicorns. Foreign news agency reported at the beginning of the year that Ant Financial had issued shares in a private manner. At that time, the company's valuation was as high as US$200 billion. It is expected that the valuation of Ant Financial will be at least one trillion yuan. Alibaba rose nearly 2.6% to US$253.5 before the US stock market.
Jing Xiandong, chairman of Ant Group, said that he is delighted to see the STAR Market and the Hong Kong Stock Exchange have launched a series of reform and innovation measures, which have created good conditions for new economy companies to better obtain capital market support, including international capital support. I am very happy to have the opportunity to participate.
Alipay parent company
Ant Group is the parent company of Alipay, China's largest mobile payment platform, and the world's leading open platform for financial technology. It is committed to using technology to promote the digital upgrade of the global modern service industry, including the financial service industry, and working with partners for consumers And small and micro enterprises provide inclusive, green and sustainable services, and bring small and beautiful changes to the world.
Jing Xiandong pointed out that going public will allow the company to face the world more transparently, to gather more like-minded fellow travelers, and to better share the company's achievements and future with the whole society. Ant Group will always go all out to innovate for customers, create for the society, solve problems for the future, and be a good company that can live for 102 years.
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