Ant Group Executive Chairman Eric Jing gestures as he speaks during a news conference in Hong Kong, ... [+] China. Anthony Kwan/BloombergAnt Group, which operates the popular mobile payment platform Alipay, has begun discussions for a dual listing on Shanghai’s tech-focused Star Board and the Hong Kong stock exchange, according to a press release issued on Monday. The company is seeking a valuation of more than $200 billion, according to a Reuters report published earlier this month. Ant Group was previously known as Ant Financial Services Group, but changed its name in June. The group is also seeking to expand its enterprise business, particularly through partnerships with financial institutions including China’s state-run banks.

Source: Forbes July 20, 2020 10:18 UTC