Ant Chanting is a business of Ant Financial Corporation

Ant Financial Services has sub-business segments under its umbrella, including Alipay, Balance Bao, Zhaocai Bao, Ant Jubao, Netcommerce Bank, Ant Chanting, Sesame Credit, etc. On October 16, 2014, the Small and Micro Financial Services Group was officially established under the name of Ant Financial Services Group, and its businesses include Alipay, Balance Bao, Zhaocai Bao, Ant Small Loan (later gradually integrated into Netcommerce Bank) and Netcommerce Bank (chips).

In August 2014, Ant Financial Services (then Microfinance) pushed a new platform for financial management: Zhaocaibao was officially launched. Zhaocaibao is an open financial information service platform under Ant Gold Service.

Extended information:

On August 4, 2016, the Ant Chanting Consumer Credit Asset Backed Securities project was listed on the Shanghai Stock Exchange, which is also the first Internet consumer finance ABS on the SSE.

Ant Chanting has been officially launched since April 2015 and is mainly used for shopping on Tmall and Taobao, which is loved by consumers, especially post-80s and 90s consumers. In order to better serve consumers, Ant Chanting has begun to break the limitations of shopping platforms, expanding its services to more online and offline consumption areas.

As of January 2018, Ant Financial Services has taken the initiative to increase its capital by 8.2 billion yuan to two small loan companies, raising its registered capital from 3.8 billion yuan to 12 billion yuan. On May 18, Chanting announced the opening of banks and other financial institutions.

Baidu Encyclopedia - Ant Financial Services Group