They kind of jammed everything together in to one huge graphic.
In the first paragraph, they say they are a “super app” that offers payment, digital finance and daily life services.
I am a private equity investor, Peking University professor, best-selling author, and keynote speaker,.... read more].
106.9 FM. But the keywords that should jump out of this history are: Here is the summary of the company from the IPO document. China's shock suspension of Ant Group's <688688.SS> <6688.HK> record $37 billion (28.5 billion pounds) listing in a last-minute regulatory ambush looks set to hit the financial … (Revised January 2020), Feng Zhu, Krishna G. Palepu, Kerry Herman and Susie Ma, Feng Zhu, Ying Zhang, Krishna G. Palepu, Anthony K. Woo and Nancy Hua Dai, Case
Ant’s size have made it an important entity in the Chinese financial industry, and yet Ant is not licensed as a bank. Renewable Energy;
Moreover some Western countries might be suspicious about having Ant Financial, a Chinese company, as a new entrant in their financial system. And they are fairly simple to provide.
So Ant Group is three platform business models on top of each other. Financial Strategy;
The IPO filing I have been waiting two years for finally arrived. This is one of our five types of platform businesses.
And it is what most attracts users and creates the highest volume of activity. Amazon has been unsuccessful in its efforts to develop a business in China.
In the first quarter of 2017, Ant’s ABS volume dropped by 65%.
This model starts with Alipay.
And by 2010, Alipay had grown to +300M users.
Fintech is shaking up a stodgy banking system and helping build a more efficient one in China, especially for consumers and small businesses. It’s hard to build a stand-alone marketplace platform for digital finance. That’s just one example.
Business Model;
It’s kind of weird. |
Yuebao translates which means “extra treasure” and it let users put their Alipay balances into a money market fund.
With the mission of “bring the world equal opportunities”, Ant Financial lends out small loans to credit-starved small business left out by the banking systems, who prefer lending to state-owned companies. In 2013, Alipay launched Yuebao with Tianhong Asset Management. Compare that with, say, Industrial and Commercial Bank of China, the world’s biggest bank by assets, at a multiple around 6. This is one of their key moves into insurance. China;
Ant executives regularly stress that technology is in the firm’s DNA.
While some may say Ant Financial operates in a larger market, and therefore larger scale is to be expected, this doesn’t explain Ant’s runaway growth within the Chinese market that has long-standing banks gnashing their teeth. In a cross-selling move that is as old as business itself, Ant Financial also offers other financial services through ecosystems for insurance, credit, loans, credit scoring, and wealth management to that captive audience.
Compare that to the $100B in mobile payments in the USA for all of 2019. I do believe, there will always be a traditional consumer who wants to walk into a bank to discuss getting a car loan or home mortgage (call me old-fashioned!). It also owns and operates an open insurance marketplace with over 80 insurance companies on the platform that reaches over 400 million users. An account could be opened for as little as 1 yuan ($0.15). One can see the issues that can arise with allowing a private sector entity access to such large amounts of precious data, especially one headquartered in China. One of the most successful innovation products is Yu’e Bao, which is a money-market fund that offers higher interest rate than commercial banks (Figure 1), has accrued 370 million account holders and $211 billion in assets in just four years.