Financial Giant Ant Group

Financial Giant Ant Group
Summary

The Chinese financial giant, Ant Group, plans to conduct an initial public offering (IPO) on the Shanghai and Hong Kong exchanges. Investors welcomed the IPO plan, as evidenced by the demand that reached 19 trillion yuan (US $ 2.8 trillion).

This high demand is due to Ant Group's broad business lines, ranging from payment services, loans, insurance, blockchain, and investment. The performance of each of the Ant Group business lines was classified as very positive throughout 2019.

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