Ant Group's three independent divisions have launched external financing one after another, and the “AI takes charge, financial support” strategy has taken shape

Comparing news, Ant Group's three independent divisions, Ant International, OceanBase, and Ant Mathematics, have recently intensively initiated external financing. Among them, Ant International completed Series A financing of about 1.2 billion US dollars in July, OceanBase is seeking Series A financing of about 2 billion to 3 billion yuan, and Ant Digital is preparing a pre-IPO round of financing. All three companies operated independently in March 2024. People close to Ant said that this round of financing is more of a phased test of the effectiveness of the three companies' independent operations, and has not yet entered the preparation stage for listing.

OceanBase's annualized revenue has exceeded 1.4 billion yuan, an increase of about 70% over the previous year; Ant Math's revenue in 2025 is about 5 billion yuan, and the 2026 target is about 8 billion yuan. Ant International's 2025 revenue was approximately $3.75 billion. Since 2023, Ant Group has invested nearly 80 billion yuan in technology. The strategic focus has shifted from fintech to AI and data elements. The financial business is internally dubbed the department that “earns living expenses” for the AI business.

Currently, Ant's overall valuation is about 592 billion yuan, down more than 70% from 2.1 trillion yuan on the eve of the 2020 IPO. Judging by the market, a spin-off listing is a more realistic path than the group's overall listing, but each sector still needs to prove its ability to acquire customers independently to open the capital market.