This means that the revenue in the first three quarters of this year is expected to approach the entire year of last year.Īccording to the prospectus, this benefited from the development of the domestic digital economy and the improvement of users’ minds. In 2019, the annual revenue of Ant Group was RMB120.6 billion yuan. The overall gross profit in the first three quarters It is estimated to be RMB66.8 billion to RMB69 billion yuan.
In its IPO prospectus recently submitted to the Shanghai Stock Exchange, Ant Group predicted that revenue in the first three quarters of this year will reach RMB114.5 billion to RMB117.5 billion yuan, a year-on-year increase of 38% to 42%. Tencent Licaitong launched on the WeChat platform in 2014, and currently has launched wealth management products such as currency, bonds, insurance, brokerage, banking, hybrid funds, index funds, and offshore funds.Īmong them, banking products are mainly deposit products and structured deposit products provided by domestic banks, and wealth management products provided by bank wealth management subsidiaries.Īnt Group discloses strong performance during first three quarters this year This feature is in the testing phase and is only open to some users. In addition to the "bank savings" service in its mobile wallet, the WeChat Pay Licaitong platform has added new banking products, and currently displays the fixed deposit products of Bank of Shanghai and WeBank.
WeChat Pay is planning to increase its presence in the the deposit market.
WeChat Pay plans to launch products in deposit market
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