Ant Financial
 |
|
|
Native name
|
蚂蚁金服 |
|---|---|
|
Formerly called
|
Alipay |
| Industry |
Financial services Payment processor |
| Genre | Financial |
| Predecessor | Alipay |
| Founded | October 16, 2014 in Hangzhou, Zhejiang, China |
| Headquarters | Xihu District, Hangzhou, China |
|
Area served
|
Worldwide |
|
Key people
|
Lucy Peng (Executive Chair) Eric Jing (Chief Executive Officer) Cheng Li (Chief Technology Officer) Chen Long (Chief Strategy Officer) |
| Products |
Electronic payment processing Banking Mobile payment |
| Brands |
Alipay Ant Fortune MYbank Sesame Credit Ant Financial Cloud |
|
Number of employees
|
~7000 |
| Parent | Alibaba Group |
| Website | www |
Ant Financial Services Group (Chinese: 蚂蚁金服), formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the most valuable fintech company in the world. It operates Alipay, the world's largest mobile and online payments platform as well as Yu’e Bao, the world's largest money-market fund. It also runs the Sesame Credit credit rating system. As of September 2017, Ant Financial unveiled its facial recognition payment technology through its Alipay services.
In 2017, Ant Financial was ranked sixth in Fortune's Change the World list, recognized for the positive environmental impact of Ant Forest, the world's largest platform for tracking individuals' carbon footprints. Ant Forest allows users to collect "energy points" through their actions in the real world that can be used to grow virtual and ultimately real trees, with 230 million users of Alipay activating Ant Forest accounts. Ant Financial and its partners, including environmental NGOs the SEE Foundation and China Green Foundation, have thus far planted 10.25 million trees, equivalent to a 1.22 million-ton reduction in CO2 emissions.
In September 2017, it is announced that Ant Financial will be forming a joint venture with Sir Li Ka-shing's CK Hutchison Holdings to bring a digital wallet service in Hong Kong.
Alipay was rebranded as Ant Financial Services on 16 October 2014. In 2015, Ant Financial raised $4.5 billion in a funding round with investors such as China Investment Corp (CIC), CCB Trust, China Life, China Post Group, China Development Bank Capital and Primavera Capital Group. In 2015, the company was valued at about $45 billion. As of 26 April 2016, Ant Financial had around 450 million annual active users, with Credit Suisse estimating that 58% of China’s online payment transactions went through Alipay. In September 2016, Ant Financial bought EyeVerify Inc.
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Wikipedia