Tag: #Ant Group
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GCash hauls in $1B investment from Bow Wave
Globe Fintech Innovations, Inc. (Mynt), subsidiary of Globe Telecom and operator of mobile wallet GCash, hauled in close to $1 billion investments to date from a private equity fund.
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Ant Group fiasco reflects battle for China’s financial soul
SHANGHAI, Nov 5, 2020 (AFP) – China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.
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Ant Group’s shock IPO suspension hammers Alibaba shares
SHANGHAI, Nov 4, 2020 (AFP) – China’s shock, last-minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma’s e-commerce titan Alibaba on Wednesday and left investors reeling.