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hot_img Ant Group's three independent sectors have successively launched external financing, with the "AI leadership and financial support" strategy taking shape

Ant Group's three independent sectors, Ant International, OceanBase, and Ant Technology, have recently launched intensive external financing. Among them, Ant International completed approximately $1.2 billion in Series A financing in July, OceanBase is seeking about 2 to 3 billion yuan in Series A financing, and Ant Technology is preparing for Pre-IPO financing. All three companies will operate independently starting in March 2024. Sources close to Ant indicate that this round of financing is more of a phased test of the effectiveness of the three companies' independent operations, and they have not yet entered the preparation stage for an IPO.OceanBase's annual revenue has exceeded 1.4 billion yuan, with a year-on-year growth of about 70%; Ant Technology's revenue is expected to be around 5 billion yuan in 2025, with a target of about 8 billion yuan in 2026. Ant International's revenue is projected to be around $3.75 billion in 2025. Since 2023, Ant Group has invested nearly 80 billion yuan in technology, shifting its strategic focus from fintech to AI and data elements, with its financial business humorously referred to internally as the department that "earns living expenses" for the AI business.Currently, Ant's overall valuation is approximately 592 billion yuan, a reduction of more than 70% from 2.1 trillion yuan on the eve of its IPO in 2020. The market believes that a spin-off listing is a more realistic path than an overall listing for the group, but each sector still needs to prove its independent customer acquisition capabilities to open the doors to the capital market.

Metaplanet holds Super League with Bitcoin, ensuring that Zhibao Technology completes a private placement financing of 2380 BTC

According to BBX data, yesterday global listed companies disclosed the latest developments in cryptocurrency strategic mergers and acquisitions and financing, with the core information as follows:Meta planet invests 2,100 BTC to control Super League and create a multinational treasury: Super League Enterprise has reached a final agreement with Meta planet. Meta planet will invest 2,100 bitcoins (worth approximately $132.1 million) and $2.5 million in cash through its wholly-owned U.S. subsidiary in exchange for 44,859,400 shares of common stock (at $3 per share), preferred stock, and warrants. After the transaction is completed, Super League will be renamed "Super planet, Inc." and become a merged subsidiary with approximately 95.7% ownership by Meta planet, thus creating a bitcoin treasury platform spanning Nasdaq and the Tokyo Stock Exchange.Zhibao Technology completes $154.7 million PIPE financing, fully paid in bitcoin: Nasdaq-listed Zhibao Technology (stock code: ZBAO) announced the completion of a $154.7 million private equity financing (PIPE). The company issued a total of 442 million PIPE units, with investors fully paying with 2,380 bitcoins (calculated at approximately $65,000 per bitcoin as of July 30). The funds raised will be used to strengthen the financial foundation, accelerate business growth, and deepen strategic synergies with the cryptocurrency and Web3 fields.

The expansion of AI data centers has spurred new financing models, with EdgeConneX seeking a $2.5 billion power guarantee

According to Bloomberg, EdgeConneX Inc., a data center operator supported by EQT, is seeking banks to provide a power cost guarantee of up to $2.5 billion to support its global data center expansion plans.EdgeConneX is negotiating a letter of credit financing arrangement with several banks, including France's Natixis and Spain's BBVA. This arrangement will help the company lock in power supply costs for its data center projects.With the rapid growth in demand for artificial intelligence training and inference, global data center construction has entered an accelerated phase, and operators are exploring new financing tools to cope with rising power procurement costs and infrastructure investment needs. EdgeConneX's request for bank support reflects that AI infrastructure companies are shifting from traditional real estate and equipment financing models to establishing new financing structures around energy supply, long-term power contracts, and other assets.In recent years, major cloud computing companies and AI infrastructure firms have increased their investments in data centers, while power supply has become a significant bottleneck constraining the expansion of AI computing power. Securing future power costs through bank credit support is becoming a new way for data center operators to obtain expansion funding.
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