What Is Ant, the Chinese Fintech Giant With Big IPO Plans? | WSJ
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- The Chinese fintech titan Ant Group-co-founded by Alibaba billionaire Jack Ma-is set to go public in what could be one of the largest listings ever. WSJ explains how Ant's backbone service, Alipay, has revolutionized payments and investing in the world's most populous country. Photo Composite: Crystal Tai
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Mobile payments is huge in China. Even 80 year old street vendors selling noodles don’t accept cash anymore.
Both cash and mobile payment are available. But mobile payments promote enormously the efficiency and security.
mobile payment is convenient but big brother is watching you how you spend
@@chang-kp9sp don't be stupid if u think ur government is not spying on u if u live in the west.
@@amoghus you should look at this th-cam.com/video/Dkw15LkZ_Kw/w-d-xo.html
@@seattleentertainmentgroup You go ahead. I use fake accounts and vpn.
This Jack Ma guy is living several lives in one lifetime
Mask On 🎉
He's living a full life
If CHINA IS DRAGON-
INDIA IS AN ANT.*
too bad he's the donald trump of china.
@@miebiwilliams6394 He's an idiot taking the rewards he himself didn't work for
with the Chinese Yuan being digitized, companies like Ant Financial and Tencent will have incredible opportunity to grow even bigger and more all encompassing.
obsidianstatue 👐
Was not it digitized before Alipay?
@@luckylove72 Alipay and Wechat pay is the digitization of the transaction process.
the digitalization of Chinese Yuan, is the digitization of the currency itself.
opposit...
India will f*@k tencent 😊
TBH USA is living in the stone ages when it comes to banking technology.
Asian countries are flying through the times.
Note only developed Asian countries.
We have the same exact technology here in the states. If you live in the US you’d know Apple Pay and Google pay has been a thing for years.
people still write checks here in the states
@@IpSyCo money never arrives instantly.
@________ you are talking like the credit card doesn't track whatever purchase you make
Any Chinese Company: trying to do business abroa-
US government: *NATIONAL SECURITY CONCERNS INTENSIFY*
China banned Visa and master long time ago
Really? What about Google Facebook Instagram Google and you guess what WALL STREET JOURNAL.
National security warning.😉
@World Citizen Really?
@jojoinhere it's banned.They polluted its DNS.
You can't use Google in China unless you are using VPN
How I know,cause I went there before and I don't like China even after the visit
@@candhgtlight854 er....theres JCB, Unionpay, Visa, Mastercard in China lol.
I call it Alibaba intelligence, iykyk
🤣🤣right
lol jack ma pure stupidity
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@@andywang1046 yeah pure stupidity, but have more wealth than your entire history even your future generations combined, and that's a fact
@@andreahalim191 cause he Is a bootlicker
Crazy how things are done in China are what we picture the future to be, but many countries won't do it because of privacy concerns.
Financial Shinanigan it just like when people imagine flying cars but then realized that it’s not practical.
In most cases its the wrong "western" mindset of refusing to copy what works only because its from china.
@@forplay2706
It doesn't work.
We don't pictures anything you dotard!
@@The_Revolutionist Cope
Indian version is Paytm (Investor Jack Ma)
There's no India version. India is a America company.
PhonePe is leading.
Asia thrives in coming decades.
In india all almost all Uncles refuses to Accept Paytm or UPI, they Just don’t want to Accept Digital. To tackle that Mentality they Give Cashback Discounts to Consumers.
@@Mr025lucky No. Don't know which part of India you are from.
In Lucknow people make excuses so that they don't have to accept cash.
it's easy, because mobile payment in China doesn't have merchant commission fee or transaction fee.
it has above1000rmb. 10cents per 1000
@@TangSuijin I believe that's the withdrawal fee! there is no transaction cost between merchant and consumers. meaning as long as account owners continue to use it to pay for other living expenses, it's all free.
@@Steven-xf8mz yea I meant to edit as withdrawal fee. but the phone is messy.
Then how it makes money
@@mirsondCA interest payment through depository.
Alipay is connected to Gcash in the Philippines
I am Ali and I hear about it today.
Ali, its time to pay, don't you know?
I wish I could invest in it as an american, especially since China is booming in investments right now.
You can buy through Hk stock exchange
How innovative is china. Quick and rapid product releases as compared to presentation and countless meetings.
when you put environmental protection and privacy concerns totally in the dust. Not everyone enjoys the 1984 world
EnemyofHK Well I worked in both countries, it has nothing to do with these what you said. It is indeed the endless meetings and discussions before you can move a finger in the US and half of your team would go on vacation before your product going life. In China, one clap three days later you have demo product
@Roe Kinko Jealousy? I am a Chinese from Hong Kong. Jelous of my own country?
@@Sakuyushi ur cute
i know people would hate but even Mobile payment is slowly getting outdated in China and people are buying stuff with face recognition 😆 Yes you can be scared but chinese people don't really care 😅
The problems in
the development shall be solved by the development. This is the philosophy of we Chinese people facing the innovation or evolution. Not just sit down and make an endless argument metaphysically.
You will find out a very well known slogan in China "Doers prosper the country, talkers mislead it"
In Asia and third-world nations, getting a credit card can be cumbersome because it mainly caters to a particular class, Alipay and other digital payments made cashless payments possible.
But you still need a card in order to link alipay to your bank account
Debit cards exist, you know. In my country, some are free, others cost about 3 USD a year to maintain. Very cheap.
America is so behind on fintech
Not everybody trusts technology with every aspect of their daily life. Plus we have the same methods of payment here in the US in the form of Apple Pay and Google pay.
@@IpSyCo if you've been to China in the last 2 yrs, you would not make the above comments. If you goto a private vendor or small shops in the South, good luck explaining what Apple pay is..
Wen L I don’t have to go to China to say we have the same technology in regards to cashless payments. What kind of idiotic rhetoric are you trying to imply?
Wen L Also rural areas vs cities are two totally different environments. Rural citizens in the United States still don’t trust the banks with their money since the Great Depression. You act like China doesn’t have poor and under developed provinces.
@@IpSyCo no sense argue with you on this. U can read this article from MIT and debate with them.
www.google.com/amp/s/www.technologyreview.com/2018/12/19/138354/how-china-got-a-head-start-in-fintech-and-why-the-west-wont-catch-up/amp/
Odd. We have many of these in Africa. Kenya has one called Mpesa.
Same for india!
Interesting, why do you say it’s odd? Asking out of curiosity
@@raymondhansen4482 I am surprised it is making headlines. Our economy is basically structured in this manner and you'd probably never hear it mentioned because it is the norm.
@@mwanikimwaniki6801 ahhhh, makes sense. Thanks for responding 👊🏽
@@raymondhansen4482 but unlike Alipay, Mpesa is plagued with fee charges and it's form of banking has the users pay more to the parent company Safaricom while creating an illusion of affordability, Factor in the Kenyan governments thirst for dips and kickbacks and you have a good service that's effecient but expensive in the long-term when you crunch the numbers.
Amerika is left behind even in digital payment to Indonesia
and europe.
America is not left behind! It is just that people in most Asian countries had mobile banking as their first banking. Us already had a well working financial system compared to the Asian countries. The technology exists here but you can't force changes in customer behavior. A lot of the older generation in the Us is used to writing checks, and swiping credit cards, or using cash. Moving to newer technology is seen as an inconvenience to them, however, a lot of the younger generation is already embracing mobile payments such as CashApp, Venmo, and many other digital services used. Us demography is very different from China and Indonesia.
they def need to catch up. Asia is way ahead in general
4:58 take it from me it is simply impossible for Alipay to even think about coming to India first if all UPI which is more than enough to kill it but even if it manages to bypass it the sentiments of Indians will never let Alipay to expand in India thirdly government will simply ban it just like the US.
Agreed UPI in India is providing same services as Alipay
It seems like Square is trying to be the Alipay of the USA which is why SQ is a good long term investment for your portfolio
not gonna happen, china is different from the US
SQ is not even close to being Ant
So this will be the next firm to be banned?
Economics in Action it is very small in the USA and if you ban it then you might see much lower china tourist spending
Here USA is still grasping the concept of tap and pay .. and carrying pennies
Ant Group has already invested in Mobile Payment Giants of India and Pakistan with acquiring Majority Shares in PAYTM(India's Biggest Mobile Payments App) & EASYPAISA (Pakistan’s Biggest Mobile Payments App)
For real American banking services are still living in 1970. Try to transfer money via ach. It's a total pain.
1:13 Yeah BUT the Dreams is the Money !!
People not able to use Alipay and Ant services are missing out
Wow this is impressive! China sets trends for a fintech industry worldwide.
Does anyone know how USA citizens can participate in this IPO?
Buy Baba stock. It will go up when ipo is released in the market. Alibaba owns like 30% of ant
@@robq8868 why would it rise btw? Alibaba already owns the stake and it is already reflected in it's share price. Why would share price react again?
You dare betray trump?
@@FicusVirens HAHAHAHA
@@robq8868 Alibaba Group does not have any shares in Ant Financial Group. Although it belongs to Jack Ma, if Ant Financial goes public, its market value will far exceed that of Alibaba
The video says company has eyes on Indian Market to go public. meanwhile, India has taken stand of boycotting chinese products. how will it affect its IPO ?
Ant financial holds more than 30% stake in paytm and other fintech startups in india
@@boxinfinity india has three major fintech app.....Paytm is just one of them....soon ant financial will be forced to sell their shares by indian officials
@@anticringepill1313 doesnot matter ant already handle 15 trillion dollars
It’s like Square. This and Bitcoin are the future. Banks are shaking in their boots.
Anyone knows a broker in America or Europe that will have this stock on their platform once it IPO’d ?
Interactive Brokers LLC,
while india only creat Microsoft technical support center.
Why put Taiwan in the Chinese map when it doesn't even have Ali pay?
Cause nobody cares
@M H No it is not
@@pathaleyguitar9763 Taiwan is a province of ROC.
Taiwanese buy good from taobao ... so they need Alipay ... simple
Anything great in China, many Americans probably never heard of it.
China-US, baidu=google, weibo=facebook, red=instagram, taobao-amazon/ebay, alipay=mastercard/visa, didi=uber,.....etc
I wish India also had answers to every western company like China
good content
Pompeo : its not clean app and network! yhey must sell it to us
Cash is 95% dead on China. For the younger gen it's completely dead, making way for digital payments.
BREAKING NEWS, Ant Group's IPO has been suspended. Jack Ma obviously criticized the PRC's regime for hindering innovation, now the IPO is off the table. Isn't the “Chinese model” of authoritarianism great? Much better than those chaotic democracies?
Many countries have developed as good technology as china but it's just that china has deployed them. They don't require much security clearance in China. In Europe and US they are looking at the privacy side of these technologies before providing approvals.
If this system ever went down for a little bit like a week, how would everyone be able to barter with each other? Seem like it too concentrated in the ecosystem
If Alipay goes down, Wechat pay might still work, if they both go down we use our credit/debt cards. That is, if, the system goes down. With the modern infrastructure being so redundant, its highly unlikely an accident will cause the whole thing to collapse.
Algro totally like a onion peel there
Digital payment apps and cryptocurrency could replace whole banking systems. Its just not yet because banks keep lobbying against these alternate financial systems.
They're not going to replace banks and the banking system, they will be integrated to use them instead.
We have also services like Revolut (and other FinTech) + GooglePay (and ApplePay or SamsungPAy)
+ a bit more privacy include (except for Google )
I tried those apps, they are nowhere as good as the alibaba one.
Those apps are not even close to the same as Alipay, imagine using the same app to buy and shop anywhere without worry. In America you need to hope that the app is supported by the card reader at a certain shop and most shops use pretty old or cheaper card readers.
And they're all trash. No need to cope.
I certainly don't have trouble using Google pay with my credit cards. It's rare especially in California where I can't use my phone to pay. Plus you will never ween me off of credit cards. That's how I can fly business class and get all the wonderful services credit cards offer. Using a payment that is cash equivalent is throwing money away imo when my return on investment using CCs are so much more valuable.
This is gonna be big like visa and Mastercard. ...u guys dont wanna miss this opportunity
In India we used epay for toilet....
save some time and just scroll to 4:14 where everything comes clear
Well ant 🐜 financial can support IOU pay in Australia 🇦🇺, just like Tencent support APT , so this is win win game .
the only ant spieces that eats money
last I check there are tons of US brand making tons of money in China (E.g. Nike, Starbucks, Microsoft, Apple). who is protectionist here?
It will get quickly banned in the U.S. and India.
lol ants invasion
India has even better system called UPI. It uses your phone number to transfer money directly to your bank account. And Ant has already invested in the major UPI based startups like PayTM.
India is a very backward country. Their banking system is too archaic to cater to such services.
@@hammadzafar8029 from which country are you??
matt tim ya! atleast india did not give the whole world corona! rather your next vaccine may come from there!!
5:11 thank you
Other countries are moving forward, US is moving backwards. Look at US transportation and homelessness lol
i don’t understand why wsj praising china’s technology more than US ???
is US not inventing anything these days
Many countries invest in China now and we see it has an impressive result. Talking about America, national security concerns, lack of government support and big fees for transaction shows opposite result in finansial system.
UppLabs chyna oka 🤣🤣🤣🤣🤣🤣
@@catsisland5304 Real question is why wsj not praising india's technology more than US and China? is india not inventing anything these days? Why wsj do a normal report, you have to think it as a praise?
Douglas nice joke tell me more about it 😁😁😁😁😁😁😁😁
Ask the orange who focus on blaming n banning instead of innovation
This sounds so much better !
Any way Americans can invest in Ant's Shanghai and Hong Kong shares?
Ia this Ant Group responsible for Ant Design the UI library?
America can be very behind. It took America forever to get chip cards
It is not possible to be at the forefront of all aspects of life. Estonia has online voting for political elections. I don’t know of other advanced nations with this advanced system.
Plus, did chip cards significantly reduce purchasing friction?
For instance, Walmart does not have Tap to pay while CVS does. I can argue that no one is refusing to buy at Walmart compared to CVS because of this slight difference in tech.
Imagine having 2 million subscribers but still using a Wal-Mart microphone, that’s what WSJ is like.
For real. Get a blue yeti
Wht about wepay
I always had the impression living in mainland that wechat pay is 5x bigger than alipay
@@yadisfhaddad722 How so?
@@lorenzmuller3542 Simple answer, Wepay is used for day to day purchases/ transactions while Alipay works best for investments and other big payments. So for the average user Wepay seems bigger
@@yadisfhaddad722 From my experiences while living over there for years I noticed that most businesses offered both Wepay and Alipay in roughly equal measure. That might change depending on which part of the country you are living in but from most of the places I visited that seemed to be the case.
Jack ma is one successful person
but not free...
@@hengky9772 CCP owns him. Check out interview with Miles Kwok and Kyle Bass.
He did pretty well to bootleg amazon.
amazon, ebay and a dash of google, how about some salt and pepper on that?
Interesting. Thanks for sharing.
Is money gram like western union?
Yes
when they going to be public?
I know I thought it was supposed to be the first quarter 2020
sep18, 2020
Ray Dongruiyi you think it’ll start at $290?
Them 15 fps tho, jesus thats a pain
Hmm, real estate state & global() supply chain F&B services , division of capital labor?
I still don't get it - what is Ant?
Imagine paypal and apple/google pay in one company and bigger
@@Somehandle16 but that's what Alipay is.. Isn't it?
Metaforically Speaking Alipay is the program that people use
Ant is the company that make the program
It's the name of the company
China Fintech in 2019 is 55 trillion dollar.
This should be available everywhere
Alibaba brought trust to transactions in China. There is no recourse in China, there is the CCP. With ANT there is a large institution standing behind honest transactions not the CCP. Of course ANT can't protect users from the CCP, but having someone try is the best option.
In US, when a consumer swipe credit card at counter, company like SQ(processing company)/VISA(network company)/SYF(credit card company)/Walmart(retail store) will share the fees (5% maybe?). This Ant group (own Alipay) is a combination of 4 or 5 companies mentioned above, just imagine how much money they can make. There will never be a company like this in US, anti trust law will kill it instantly.
0:31 Many Americans may not have heard of a lot of things
It might NOT trade in the US. BUT, MY FIDELITY ACCOUNT SAYS I CAN🙃🤷♂️🤣
I'm looking for it on the app. The ticker is ANT?
@@sharond.940 you have wait 2021
@@christiancalderon3821 So you're saying the IPO ticker wont be avail until next year??? 😭😭😭😬
@@sharond.940 save money. A lot of it. Watch out for coupang next year and nio. Coupang is the next Alibaba
Thanks Christian. My folks are buying options on NIO now. So I know I have to have a nice sum of money. Here is the thing....I need in on ANT and I'm using Fidelity as well. I'm thinking about opening a TD Ameritrade account.
Ant financial has much better interest rate than US banks.
I have 1 simple question : what if the source server gets hacked ?
Answear this question and every governement in the world will adopt Fintech solutions
Money are in individual’s bank account, to trade you need clients approval so it’s a three way hand shakes. If they can hack that they can probably hack just any bank in the world easily. I’d say the drawback isn’t security but customer service. You probably will never able to find a real person to take care your case if you need help.
The guy at 2:50 looks like a chinese Elon Musk.
Without Alipay even a journalistic piece like this wouldn't have come about for WSJ.
TY😺
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Future
3:48 wrong caption
Just put people money on your corporation.. and.. boom. Yeah and also government full support.
@Ben Louis so.. they operate without any legal permission from the government?
they operate legally. duh. but the Chinese government won't involve itself unless there is irregularities or foreign interference
@@TangSuijin so legal permission from China government doesn't count as a government support then? As far as I know, the best way government can support private sector one of them are giving legal permission, so they can operate legally within the country.
@B RabBiT well.. this is the fact that ccp actually run China. And I think with their ability to give such permission to alibaba to run their business this way, I think that's how a government should be. It is true isn't it that any great corporate still need some kind of support from their government, even if it is only a permission to actually run the business inside their territory.
Go 4k already!
Ant Group is great
The lady speaking (Stella Xie) seemed more like a robot.....very very monotonous voice
This was like General Electric Financial in the US before its SIFI designation forced it to shrink and divest.
GOC!
When are they going public?
It’s expected to IPO by the end of this year
Kr0nicridah thanks 😊
Are you kidding? Jack Ma was forced out of his own company by the CCP. This all started when Jack Ma was asked why he was opening so many incubators across China and he said, and I'm paraphrasing, we need more of a western ideology towards innovation, in China independent thought is punished and groupthink is rewarded. After that, Jack Ma "announced his retirement" from Alibaba.
really? Where is that from? It doesn't sounds like what he is would say according to his interview. In these interviews he always sounds very proud of Chinese culture.
@@ruichencao958 It was either in The Economist, WSJ, or Financial Times. He was asked about why he was opening so many incubators in China, and if he thought the next Steve Jobs, Micheal Dell, or Mark Zuckerberg would come from China. He said no.
@@theylied1776 interesting though. He might be right.
@@ruichencao958 Jack Ma is 100% correct. China has yet to make a processor chip. They still heavily depend on the United States for processor chips.
It's ridiculous. I am Chinese and I can tell you Jack Ma remains the real controller of Alibaba and he remains one of the richest men in China, despite his retirement. He is widely respected among society, and also, government. The reports that he was forced out of Ali by the CCP was just inaccurate.
Let me give you some advice. Do not overtrust your western media. They assume the CCP and even the whole of China as an enemy while it is not actually. Just come to China by yourself and you'll see what the country is really like.
As someone lived in China, I can tell you Wechat is way more popular than Alipay. the company Tecent is listed in Nasdaq. WSJ need to do more in deep research .
Popular is a vague word, Alipay consistently takes more market shares than WeChat pay.
@@cross9688 *They don't care more popular means it will just get banned earlier. Thanks for give US the notification. You did not get the memo?*
Date of ipo?
Now Alibaba’s case looks like Chinese Yukos
Just Wow
This is no competition in china VISA and master card are baned from issuing in china meaning u can only use them in ATM if u have them from a foreign bank ,the chines banks are baned from making them or create or give a mastercard or visa card in china so ali pay is like visa for america and EU as those 2 cards are being issuing in banks.
Do your research before saying things. VISA and MasterCard are NOT banned in China.
I use visa in China....
Please u are banned in my country not visa.
It is a Chinese softpower vehicle...
Anyone has any updates about this IPO? Any news lately? Asking for a friend...
China govt blocked it. It's not IPOing
Very good. They included Taiwan in the Chinese map.
Cashless world will not only avoid physical contact with others but is also beneficial for environment as lesser factories will be producing money.
jack ma is a real genius
What about Richard Ma? He flauged me out
The chinese market is not the dollar Marke. Who float the market with money?The US Dollar, the US stock market climbs because there is a inflation, no other countries prints so much money