Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg
Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg

Where will Ant Group’s next billion users come from as it ploughs its jumbo IPO proceeds into overseas expansion?

  • The online payments giant is targeting emerging markets including Southeast Asia, South Asia, Africa and the Middle East, say people familiar
  • Ant’s future expansion plans face obstacles such as rising US-China tensions, protectionist regulations and entrenched local players

Topic |   IPO
Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg
Ant Group plans to spend part of its IPO proceeds on overseas expansion. Photo: Bloomberg
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