1. LINE

      Text:AAAPrint
      Sci-tech

      Alibaba's Ant Financial raising more funds, planning IPO

      1
      2016-01-07 08:56China Daily Editor: Qian Ruisha
      A woman walks past an advertisement for Ant Financial Services Group in Wuzhen, Zhejiang province. Spun off from Alibaba in 2011, the company runs Alipay, China's largest online payment service provider with 270 million monthly active users.(Photo/China Daily)

      A woman walks past an advertisement for Ant Financial Services Group in Wuzhen, Zhejiang province. Spun off from Alibaba in 2011, the company runs Alipay, China's largest online payment service provider with 270 million monthly active users.(Photo/China Daily)

      Alibaba affiliate inching closer to planned public float, say analysts

      Ant Financial Services Group, the Internet finance arm of Alibaba Group Holding Ltd, said it has kicked off its second round of financing ahead of a planned initial public offering.

      Without revealing its target amount, Ant Financial confirmed on Wednesday that it has begun to raise capital for the second time in six months.

      "We don't have a timetable for the IPO yet. But we are paying close attention to the market trends and policy changes," said publicity officials from Ant Financial.

      According to a recent Bloomberg report, Ant Financial is planning to raise at least 10 billion yuan ($1.5 billion) in its latest round of financing.

      Ant Financial, spun off from Alibaba in 2011, runs Alipay, China's largest online payment service provider with about 270 million monthly active users. It also runs Yuebao, China's largest money market fund, and MYbank, one of the country's first Internet banks.

      The Shanghai-headquartered Ant Financial completed its initial round of fund-raising in June 2015, which valued the Internet finance company at about $45 billion.

      In the first round of financing, the company successfully landed eight investors, including some State-backed organizations such as the National Council for Social Security Fund, Postal Savings Bank of China and CDB Capital, the investment arm of China Development Bank.

      Ant Financial's announcement of a new round of financing comes days after reports that its Internet finance rival JD Finance planned to kick off its initial round of fundraising with a target amount between 5 billion yuan and 6 billion yuan.

      The reports also said that JD Finance, the Internet finance affiliate of e-commerce major JD.com Inc, plans to go public in China's A-share market with a goal to list in 2017. JD Finance's public relations office said it does not respond to market speculation.

      Despite the fundraising climate in China for tech companies becoming tougher, analysts said it is unlikely that the two Internet finance firms are short of cash.

      "Being under the umbrellas of China's No 1 and No 2 e-commerce players, neither Ant Financial nor JD Finance needs to raise funds. I guess they want to raise their valuations via fundraising. More importantly, it will help in boosting credibility and in getting endorsements from government-backed investors," said Li Chao, an analyst with iResearch Consulting Group.

      "After all, Internet-enabled finance companies are not traditional finance organizations. They are still new and face regulation risks. Investment from government-backed investors is a sign that they will get blessings from the government, which in turn can help land new customers and further expand their business," he said.

      The active moves of fundraising could also be a sign that the two companies want to speed up their listing on China's A-share market, said analysts.

      Li Daxiao, chief economist with Yingda Securities Co, said the government support to the "Internet Plus" concept could be a great opportunity for Internet finance companies that are planning listing this year.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 毛片a级三毛片免费播放| 永久免费看mv网站入口| 亚洲av午夜精品无码专区| 在线观看无码AV网站永久免费| 亚洲国产成人久久精品大牛影视| 亚洲中文字幕伊人久久无码| 99精品视频免费观看| 亚洲综合色丁香婷婷六月图片| 亚洲精品成a人在线观看| 免费A级毛片av无码| 亚洲av永久无码天堂网| 亚洲女初尝黑人巨高清| www.999精品视频观看免费| 一个人看的在线免费视频| 亚洲国产精品久久人人爱| 亚洲国产人成精品| 又黄又爽又成人免费视频| 精品久久久久久国产免费了| 亚洲中文无码a∨在线观看| 毛茸茸bbw亚洲人| 成年女人免费v片| 老司机69精品成免费视频| 亚洲成在人线aⅴ免费毛片| 亚洲成av人片在线观看无码不卡| 成人黄动漫画免费网站视频| 久草免费手机视频| 久久亚洲中文无码咪咪爱| 亚洲成a人不卡在线观看| 国产亚洲3p无码一区二区| 国产一卡二卡≡卡四卡免费乱码| 91青青国产在线观看免费| 久久免费香蕉视频| 欧美激情综合亚洲一二区| 亚洲欧洲精品一区二区三区| 亚洲日韩精品A∨片无码| 免费在线观看日韩| 成年性生交大片免费看| 2019中文字幕在线电影免费| 花蝴蝶免费视频在线观看高清版| 真正全免费视频a毛片| 亚洲乱人伦中文字幕无码|