Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 billion yuan ($353 million USD) … The nagging question is why Alibaba is doing this now, when it's had the option to buy into Ant since 2014. PitchBook is a financial technology company that provides data on the capital markets.PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.What you see here scratches the surfacePitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Nachrichten zur Aktie Ant Financial | ANTFI0 | CN0000ANTFI0 Operator of a cloud-based financial platform designed to provide cloud computing services to financial enterprises and payment/financial services to consumers. Ant Financial contributes 37.5 percent of its profit to Alibaba. Ant Group General Information Description. Ant Financial Services is shifting its main focus to technology services and away from payments and consumer finance. … Oh, and it has 870 million annual active users globally.—————————— For example, earlier in 2018 the Central Bank in China hurt an effort by Ant to create a national credit scoring system by preventing it from being used by financial firms that were making loans. Operator of a cloud-based financial platform designed to provide cloud computing services to financial enterprises and payment/financial services to consumers. Blockchain: Fintech power Ant Financial has developed a proprietary blockchain that is used, among other things, to keep tabs on the products sold on a marketplace run by Alibaba, a part owner of Ant. Ant Financial Services Group (Chinese: 蚂蚁金服; pinyin: Mǎyǐ jīn fú), formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group.Ant Financial is the world's highest-valued FinTech company, and most valuable unicorn (start-up) company, with a valuation of US$150 billion.. 1 Ant generated revenue of about 120 billion yuan ($17.10 billion) last year and almost 17 billion yuan in net profit, according to financial documents seen by Reuters. It posted 9.18 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. All rights reserved.
The move comes as Beijing's crackdown on financial risk is deepening.
The company offers mobile payment processing services, consumer loans, wealth management, credit rating services and a financial services cloud platform, enabling consumer and enterprise users to access a wide variety of financial services with ease.We’ll help you find what you need© 2020 PitchBook Data. ANT FINANCIAL AKTIE und aktueller Aktienkurs. Personalize which data points you want to see and create visualizations instantly. MINISO Held Annual Meeting That Summarized 2018's Performance: RMB 17 Billion in Revenue and Entered 79 Countries and Regions News provided by. Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.© 2020 What’s Next Media and AnalyticsGet our hottest stories delivered to your inbox.As Ant expands its footprint into wealth management, consumer lending and overseas markets, it has posted a 65 percent leap in profits this fiscal year.