Ant Group, World’s Highest-valued FinTech Company, Gets Chinese Approval for HK IPO


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With the IPO expected to raise over $30 billion, Ant Group’s total market capitalization will surpass the $200 billion level. Hereby setting a high pace for new fintech startups and also existing ones in the market. Ant Group Ahead of HK IPO Alibaba, which is owned and controlled by Jack Ma , has an approximate 33% stake in Ant Group. Ant Group has heavily invested in artificial intelligence to give it a cutting edge over its competitors. Apparently, with the Chinese government rolling out its digital Yuan that is seen as a huge competitor to Alipay, a recent survey by...