Jack Ma’s Ant Group files documents for IPOs in Hong Kong and Shanghai, revealing detailed operational and financial data for the first time
HONG KONG—Ant Group Co., the Chinese financial-technology giant controlled by billionaire Jack Ma, filed listing documents on Tuesday for initial public offerings in Hong Kong and Shanghai, kicking off a process that could see the company go public in the coming months.
The documents revealed detailed financial and operational data about the Hangzhou-based company for the first time. Ant reported net profit of nearly 17 billion yuan in 2019, up sharply from 667 million yuan the previous year. Its first-half...
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