Will super apps become as popular in India as they have in Southeast Asia?5 min read 19 Oct 2020, 02:06 PM IST
Ant said it generated $17 billion in revenue in 2019 up 40% from 2018 and a profit of around $2.5 billion
During the 2010-19 period,$257 billion was invested by Chinese companies in their super apps compared with USD 43 billion spent by their Southeast Asian counterparts.
SINGAPORE : When Ant Group, previously Ant Financial, goes public simultaneously in Shanghai and Hong Kong in the next days or weeks, it will be the largest IPO of all time.
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