The upcoming Ant Group may be the largest IPO fundraising project in the world so far. So what is the purpose of this move?
First of all, Ant Financial changed its name from Ant Financial to Ant Technology Group before it went public, which has already explained the future direction of Ant Group. Because of this, Ant Group cannot be directly regarded as a company in the financial industry. Although the business of Ant Group has covered the whole financial industry, its core competitiveness is still technical strength and technological innovation ability.
Ant Group has 26 self-developed core technology products and 18 world-class and national-level core technology awards, and has 26,279 patents or patent applications in 40 countries and regions around the world, covering hard-core scientific and technological fields such as artificial intelligence, risk control, security, blockchain and computer technology infrastructure, including credit risk management platform, intelligent investment platform, intelligent risk control engine AlphaRisk, safety segment defense system and cross-chain. These core technologies support the competitiveness of various businesses of ants.
In the ant group, which seems to be a big player in the financial industry, the income from science and technology services is the most important source of income for ants, accounting for more than 60%. In addition to commercial realization, ant technology itself is also moving towards commercialization. Although it is still in the early stage of development, 20 19 has generated more than 900 million income.
After the listing of ants, the main investment of funds raised by ant group is innovation and technology investment. Ant Group is driven by technology and innovation. Compared with the current financial company, it only explores and applies more mature technology, which is a blow to dimensionality reduction to some extent.