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China's Ant Group plans to list overseas unit in Hong Kong, report says

  • Ant Group finalized restructuring in late 2023, ending Jack Ma's control over several subsidiaries as it prepares to list its overseas unit in Hong Kong.
  • The move follows the suspension of Ant's planned 2020 IPO after regulators introduced new rules targeting online microlending and fintech governance.
  • Ant International, headquartered in Singapore since 2015, now operates globally with expanded revenue and strengthened overseas lending focusing on SMEs.
  • The Hong Kong listing could raise about $34.5 billion with recent stake sales totaling HK$2.8 billion supporting the plan.
  • If completed, the IPO revives Ant Group's market ambitions under new governance and ongoing regulatory discussions led by senior vice president Zhou Zhifeng.
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Market Screener broke the news in on Sunday, May 4, 2025.
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