Ant Group files for dual listing in Hong Kong and Shanghai, first-half profit bigger than full year 2019

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Ant Group, China’s largest digital payments provider and digital finance platform, has filed applications for its dual listings in Hong Kong and Shanghai, kicking off the process for what could be the largest fundraising in history.

The fintech giant will sell not less than 10 per cent of its total capital post-issuance, split between Hong Kong and Shanghai’s tech-focused Star Market, according to its filing on Tuesday on the two bourses.

China’s No. 1 billionaire Jack Ma will donate about 611,337,334 shares of Ant Group to charitable causes . . .

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