# Ant Group Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ant-group-co

- Industry: Financial Services
- Headquarters: Hangzhou, China
- Website: www.antgroup.com
- Total disclosed funding: $20.5B
- Latest round: Series C (Jun 8, 2018)
- Investors on record: 25

## About

Founded in 2004 and based in Hangzhou, China, Ant Group Co., Ltd. develops and operates Alipay, a financial services platform that provides consumers and small businesses with online payment solutions through a credit system. In 2014, the company changed its name from Alipay to its current name. In July 2026, Primavera Capital Group agreed to move Ant Group Co., Ltd. from Primavera Capital Group Fund III to Primavera Capital Group CV for USD 120 million.

Ant Group Co., Ltd.'s main service is Alipay which is a mobile and digital payment service used throughout China. Alipay can be used both on offline and online platforms and offers digital payment services to businesses. Ant Group also operates Zhima Credit, a private credit rating system that is used to apply for loans from Ant Financials.

## Funding rounds

- Series C, Jun 8, 2018, $14B — Carlyle Group, Silver Lake, T Rowe Price, Warburg Pincus, Temasek Holdings, General Atlantic, GIC, CPP Investment Board, Discovery Capital Management, Credit Suisse, Khazanah Nasional Berhad, Baillie Gifford, Janchor Partners, HSG
- Series B, Apr 26, 2016, $4.5B — China Investment Corporation, China Development Bank Capital, Primavera Capital Group, China Life Insurance, China Post Capital, CCB Trust Co., Ltd.
- Series A, Jul 6, 2015, $2B — China Development Bank Capital, National Social Security Fund - China, GP Capital, Primavera Capital Group, New China Life Insurance, China Life Insurance, PICC Property and Casualty, China Pacific Life Insurance

## Investors

- China Development Bank Capital — Series A, Series B
- National Social Security Fund - China — Series A
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series A
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series A, Series B
- New China Life Insurance — Series A
- China Life Insurance — Series A, Series B
- PICC Property and Casualty — Series A
- China Pacific Life Insurance — Series A
- China Investment Corporation — Series B
- China Post Capital — Series B
- CCB Trust Co., Ltd. — Series B
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series C
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series C
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series C
- Temasek Holdings — Series C
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series C
- GIC — Series C
- CPP Investment Board — Series C
- Discovery Capital Management (https://capitalatlas.ai/funds/discovery-capital-management) — Series C
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series C
- Khazanah Nasional Berhad — Series C
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series C
- Janchor Partners — Series C
- HSG (https://capitalatlas.ai/funds/hsg) — Series C