Ant Financial Ipo Sponsor. The company shelved the IPO due to regulatory and profitability issues. Ant Group (Chinese: 蚂蚁金服; pinyin: Mǎyǐ jīn fú), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group.

Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. It selected not one, but two non-U. The Ant Group IPO, unlike the IPOs of previous Chinese tech giants, will skip a listing in the financial center of the world amid escalating U.

The company shelved the IPO due to regulatory and profitability issues.

See insights on Ant Financial including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft.

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It selected not one, but two non-U. Online finance has exploded in China in recent years, and Alipay has been a key driver. The mascot for Ant Financial in the company's headquarters in Hangzhou, China.