Jack Ma's Ant Group is going public; Valued at $200 billion.

Alipay has over 1.3 billion users today.


Alfred Lee

21 Jul, 2020

Jack Ma's Ant Group is going public; Valued at $200 billion. | BEAMSTART News

- From our Sponsors -

One of Jack Ma's companies is about to go public, and it is poised to be the biggest IPO of the year.

China's Ant Group, the parent company behind the popular payments app Alipay, has recently kickstarted the process of a concurrent IPO on both the Hong Kong Stock Exchange and Shanghai Stock Exchange's Star Market.

While still at the preliminary stage, bankers are valuing Ant Group at a staggering valuation of $200 billion.

Alipay today has over 1.3 billion users globally.

Alipay today has over 1.3 billion users around the world, and has since expanded from a mere payments app into a comprehensive portal (super-app) providing a huge range of services as well as useful mini-programs.

Alibaba, the largest e-commerce company from China founded by Jack Ma, presently holds 33% of Ant, whose revenues were predominantly generated from technology infrastructure for proprietary financial products.

- From our Sponsors -

Latest Jobs

Founding Product Designer

AviaryAI

New York,

Full Time

USD 80000 — USD 115000 yearly

Mid Market Account Executive

Prodigal

California,

Full Time

USD 200000 — USD 280000 yearly

Frontend Engineering Intern

vly.ai

California,

Internship

USD 5200 — USD 8700 yearly

Summer Software Engineering Intern (now and Summer 2026)

Browser Use

California,

Internship

USD 6000 — USD 16000 yearly

Account Executive/GTM

Solve Intelligence

England,

Full Time

USD 100000 — USD 200000 yearly

ML Research Engineer

Zoa Research

New York,

Full Time

USD 150000 — USD 300000 yearly

Founding Engineer

Zaymo

Utah,

Full Time

USD 80000 — USD 180000 yearly

Founding Engineer

Lendtable

New York,

Full Time

USD 160000 — USD 190000 yearly

Computer Vision Internship/Co-Op Fall 2025

Yondu

California,

Internship

USD 9000 — USD 15000 yearly

Product Engineer

Adaptyv

Vaud,

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).