Lei Di.com Lei Jianping reported on May 31 that
is growing around Ant Financial's listing . There are rumors that Ant Financial is close to completing a Pre-IPO financing of US$9 billion, and GIC (Singapore Government Investment Company) is the largest investor.
Other leading investors include Warburg Pincus, Canadian Pension Plan Investment Committee, Malaysia Treasury Investment and Temasek. Participants include Carlyle, Atlantic Investment Group, Silver Lake Capital, Sequoia China and BlackRock.
There are rumors today that Ant Financial will raise its new round of financing to US$12 billion, with a valuation of US$150 billion. Ant Financial still does not evaluate any unofficial information.
However, with the development over the years, Ant Financial has become more and more a giant in the Alibaba system beyond , and its layout at home and abroad has also begun to take shape in recent years.
According to Leidi.com, Ant Financial has invested in more than 100 companies in the past five years, mainly covering travel, catering, education, human resources, finance and taxation, insurance, money base, micro loans, shared services, smart payment and other fields.
In terms of investment methods, Ant Financial and Alibaba have a lot of collaboration, but they do not seek to hold shares. They generally open cooperation with the invested companies with 10%-20% of the shares.
In addition, Ant Financial mainly invests in daily consumption in China, and the proportion of financial investment has dropped a lot.
successively invested in ofo and Haro Bicycle . The failure of Speed Huijin
In the past year, Ant Financial has invested a lot in the field of travel, and has successively invested in OFO Xiaohuangche and Haro Bicycle. Among them, Ant Financial focused on supporting Haro Bicycle.
In October 2017, Harrow Bicycle and Yonganxing Low Carbon Technology merged. In December of that year, Haro Bicycle raised US$350 million in D1 round, with investors including Ant Financial, WM Motor, and Become Capital; D2 round of financing was 1 billion, led by Fosun , followed by GGV, etc.
In April this year, Harrow Bicycle raised US$700 million in E1 round, and its main investors include Ant Financial and Fosun, and the E2 round is also being raised.
Haro Bicycle adopts refined operations: first-tier cities are the battlefields of ofo and Mobike, and second- and third-tier cities are the world of Haro Bicycle. With the support of shareholders such as Ant Financial, the deposit is exempted nationwide, and now it is a trend of coming from behind.
Recently, Ant Financial also invested in Obi Zhongguang, a company in the field of artificial intelligence 3D sensing. The company has just announced that it has completed a Series D financing of more than US$200 million, led by Ant Financial, followed by Saifu Investment, Songhe Capital, Sirius Capital and old shareholders.
3D sensing is the most core visual perception technology in the field of artificial intelligence, integrating multiple interdisciplinary technologies such as chips, algorithms, optics, and software. It is the most core technical carrier for the era of artificial intelligence, new human-computer interaction, etc.
Officially stated that in July 2015, Aubi Zhongguang independently developed my country's first 3D deep computing Asic chip, becoming the fourth in the world and the first in Asia to mass-produce fully independent intellectual property consumer-grade 3D sensors after Apple, Microsoft , Intel .
The 3D sensor developed by Aubi Zhongguang is used in smartphones (helping to realize the same Face ID functions of iPhone X), unmanned retail, smart robots, smart homes, smart security, Industry 4.0 and other fields.
Ant Financial also joined hands with Alibaba to acquire Ele.me for US$9.5 billion.
In April 2017, Ant Financial announced the acquisition of MoneyGram and was approved by the MoneyGram Board of Directors. As long as the transaction is completed, MoneyGram will become an independent subsidiary of Ant Financial, and Ant Financial once raised its price to US$1.2 billion.
Mobile Wechat has a good partnership with global banks. Its rapid remittance business can directly reach funds of about 2.4 billion accounts worldwide, including Walmart, CVS Pharmacy, UK Post, Canada Post and ACE Cash Express are all important partners.
However, due to the acquisition transaction, the two parties terminated the revised acquisition agreement and launched a new strategic cooperation. In addition, Ant Financial paid a compensation of US$30 million to MoM.
is based on the main strategic channel and is an enabler.
Compared with the early layout in the financial field, Ant Financial's layout in China in recent years is mainly in the field of daily consumption.
For example, in terms of industry upgrades and public welfare, Ant Financial provides convenient payment services such as water, electricity, fuel, property, etc. (Bangdao), and also solves the pain points of small and micro customers such as social security provident fund (human labor nest), intelligent finance and taxation (crapeline), and micro loans (animal merchant bank).
Ant Financial has created the first mutual insurance life in China (Xinmei) and has also created the world's largest monetary fund Yu'ebao.
Ant Financial also invested in the city's clothing (Face++ Magic Mirror 3D fitting room), food (reputation, Ele.me, 2D fire), living (mushroom rental), travel (of, Harrow, travel immediately, Jieshun smart parking).
Ant Financial also invests in technology finance to revitalize rural areas (Zhonghe Rural Credit Co., Ltd.), and helps improve industry efficiency from the bottom SaaS: Dasouche (used car SaaS), Yazu Online (catering SaaS), Mingjue (checking loss SaaS), and Xuebao Online (private education and training SaaS).
An Ant Financial Person told Leidi.com that Tencent Investment is investment banking and borderless. Ant Investment revolves around the main channel of strategy, payment + scenarios, not traffic harvesters, not data masters, but empowerers.
Among them, Ant Financial has two typical investment cases: Dasouche and Face++.
In October 2016, Dasouche received a US$100 million Series C financing, led by Ant Financial, and participated by China Car Rental.
In April 2017, Dasouche received a US$180 million Series D financing, led by Warburg Pincus, followed by Hong Kong Dingpei, Kaiming Investment, Zuoyu Capital, Haitong International, Yixin New Financial Industry Investment Fund, Morningside Capital, and Gaohu Capital.
In October 2017, the automobile trading service platform "Dasouche" announced that it had received a US$335 million E round financing, led by Alibaba, followed by Warburg Pincus, Chunhua Capital and China Merchants Bank International.
Dasouche covers most dealers across the country through the SaaS system that serves car dealers, providing marketing, transaction and financial management services to channel dealers of second-hand cars and new car networks.
At the end of 2016, Dasouche and Ant Financial cooperated to launch the financial leasing product "Danggeche", and cooperated with Tmall New Retail to use cars and new cars.
Ant Financial Vice President Ji Gang said: Investing in Dasouche is another practice of Ant Financial's strategy of empowering ecological partners, creating an open ecological system, and serving small and micro enterprises. We hope to empower the Dasouche platform from multiple fields such as payment, credit, and micro-loan.
Face++ is an angel financing obtained by Lenovo Star in 2012; in 2013, it received a US$1 million Series A investment from Innovation Works; in November 2014, it received a US$22 million Series B financing, with a valuation of more than US$100 million. The investors include Qiming Venture Capital and Innovation Works, and many other well-known venture capital institutions.
completed two rounds of additional financing rounds of B in 2015, with the amounts of US$5 million and US$20 million respectively.
In November 2016, the B+ round of financing was raised, with US$20 million, and the investor Hon Hai Group Foxconn.
In October 2017, the C round of financing was raised US$460 million, and the leading investors, China State-owned Capital Venture Capital Fund, Ant Financial, Foxconn and other strategic investments. In addition, China-Russia strategic investment funds, Sunshine Insurance Group, SK Group, Bohai Huamei, etc. were introduced.
Face++ has cooperated with Ant Financial. For example, in March 2015, Face++ and Ant Financial cooperated to develop the "Smile to Pay" system. Jack Ma once demonstrated this face-scanning technology to replace traditional passwords for German Chancellor Angela Merkel. The trilogy of
Face++ is: first, build a "person recognition" system, then develop Image++ that can "know things", and finally realize the "what you see is what you get".
Megvii Technology has successively cooperated with new retail companies such as Alibaba, Xiaomaipu, and Binguo Box to provide them with visual and perception technologies. Face++ also cooperates with domestic first-line mobile phone manufacturers such as vivo and Xiaomi, and has successively launched face unlocking mobile phones.
Ji Gang said that there are two types of investment: strategic investment and financial investment. Ant Financial is a strategic investor.
"Ant Financial's investment is a partner that supports the ecosystem very much.Ant Investment revolves around the main channel of strategic business. Ant's own business runs faster than the market, but we only have more than 10,000 people, so we cannot do everything, so we must carry out open cooperation and ecological empowerment. "
Good company investment is a scout and vanguard around the main business, exploring the way, understanding the situation, and buying food for the main force when needed.
Ant Financial hopes that the outside world will form a consensus that Ant Financial is an empowering investment, allowing entrepreneurs to become truly excellent companies. Ant Financial brings the opportunity to activate resources, and technology finance helps them improve.
has made overseas layout very early and choose the "sea shipbuilding" model
In the past few years, Ant Financial has already made many layouts overseas. For example, Ant Financial invested in Paytm, India's largest mobile payment and business platform, as early as 2015. Recently, it has been reported that SoftBank plans to invest in Paytm
In terms of globalization, Ant Financial went out very early. In 2014, not many Chinese technology companies went to India to develop. After Ant Financial went there a few times, she met Xiaomi CEO Lei Jun on the plane.
"The founder of Paytm was Vijay when he first met us. The offer was very high, and Ant CEO Eric said he was Jack Ma from India. Investing is investing in people, Eric is an optimist, and everything can see the future. ”
Currently, Ant Financial supports local Alipay wallets in nine Southeast Asian countries (India Paytm, Indonesia Emtek, Philippines GCash, Thailand Ascend Money, Singapore Hellopay, Malaysia TNG, Pakistan TMB, Bangladesh Bkash).
For example, in March 2018, Ant Financial invested US$180 million to purchase Pakistani company TMB (Telenor Microfinance Bank) has 45% equity, providing local users with inclusive financial services such as mobile payment.
On April 26, 2018, Bangladesh mobile payment company bKash and Ant Financial reached a cooperation, and Alipay's overseas local wallet partners increased to 9, forming a new global 9+1 pattern.
In the process of globalization, Ant Financial chose the "sea shipbuilding" model, which is to output its tested technology and business model in China to local partners to help the local partners develop localized e-wallets.
In September 2016, Ant Financial also acquired Kansas City, Missouri, USA for US$70 million (Kansas City City) biometric technology company EyeVerify.
EyeVerify is a biometric technology company that develops the technology of extracting data points from eyeball photos to replace passwords and fingerprint recognition. After the transaction is completed, EyeVerify becomes a wholly-owned subsidiary of Ant Financial.
Although Ant Financial's acquisition of MotoGold was rejected by US regulatory authorities, Alipay's business in the United States and overseas is still advancing rapidly. It can be predicted that Ant Financial will become a multinational company more and more.
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