Jack Ma Backed Ant Group Plans to Buyback Shares at 70% Valuation Below its IPO Price
Ant Group, backed by Jack Ma, is considering a share buyback of up to 7.6% of its shares to retain talent and provide an exit...
Tag : Ant Group
Alibaba Founder Jack Ma Accepts Teaching Position at Tokyo University
The University of Tokyo announced on May 1 that Alibaba Group founder Jack Ma had accepted an invitation from Tokyo College, a new institution run...
Paytm Payments Bank Expects Central Bank Curbs to be Lifted in Three-Five Months
India’s Paytm payments bank, which facilitates transactions on the mobile commerce platform Paytm, is expected to allow it to resume accepting new customers in the...
Paytm Mall Announces Focus On ONDC; Explores Export Opportunities
Paytm E-commerce Private Limited (PEPL), the parent company of Paytm Mall, has announced that it will shift its focus to the Open Network for Digital...
Alibaba Raises Share Buyback to $25 Billion From $15 Billion
Alibaba Group has raised its share buyback programme to $25 billion, which is its second expansion in less than a year to place stocks that...
Paytm Hires JPMorgan, Goldman, Two Other Banks for IPO
India’s digital platform Paytm has hired four banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. for its proposed initial public offering, people...
Jack Ma Ant Posted $3.4 Billion Profit After IPO Halt
Ant Group of the company has rose profit to $3.4 billion in the December quarter after Chinese regulators thwarted its record initial public offering and...
China Fine Alibaba for $2.75 Billion on Anti-Monopoly Violations
Chinese regulators have fined Alibaba Group Holding Ltd $2.75 billion for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust...
Ant Group Reaches Deal with China Regulators on Restructuring
Ant Group Co has agreed to a restructuring plan with Chinese regulators under which the fintech giant will become a financial holding company, a person with...
Alibaba Plans $5 Bn US-Dollar Bond Issuance
Chinese e-commerce giant Alibaba Group Holding Ltd plans to raise up to $5 billion through the sale of a U.S. dollar-denominated bond, according to a marketing term...