Ant Group (Alipay)
Ant Group (Alipay) is a Consumer Wallets company founded in 2014 and based in Hangzhou, China.
Ant Group was founded in 2014 and is headquartered in Hangzhou, China. The company builds consumer financial software, centered on Alipay, which lets users pay in stores through QR codes and in-app checkout, send money peer-to-peer, pay bills, and access merchant services in China and abroad. Alipay bundles payments with credit, insurance, wealth management and lifestyle services in one app. Ant Fortune, its wealth management app, gives retail investors in China access to mutual funds, money market funds, insurance and other investment products, with curated fund selection and portfolio tools inside the Alipay ecosystem. Ant Group is privately held. Its funding history is not disclosed in this record, and Jack Ma is listed as a founder who has stepped back from an active role, with Eric Jing as Chief Executive Officer.
Ant Group operates Alipay, a consumer wallet that combines payments, credit, insurance and wealth management in a single app for users in China and abroad. Its Ant Fortune app extends that ecosystem into retail investing, letting users move from everyday payments to fund purchases within Alipay. The company's role as a consumer wallet operator places it at the center of mobile payments in China. Its structure as a privately held company with Eric Jing as CEO sets it apart from the listed payments firms in its sector.
At a glance
Total raised
Undisclosed
Headcount
—
Headquarters
Hangzhou
ChinaFounded
2014
Status
Private
Subsector
Payments & Financial Infrastructure, ranked
Top 25 Payments & Financial Infrastructure companies →Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
In the news
Ant Group (Alipay) · last 30 days
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Leadership
Jack Ma
Founder (stepped back from active role)
—
Eric Jing
Chief Executive Officer
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