China’s Ant Group plans to list overseas unit in Hong Kong, report says

Ant Group, an affiliate of China’s ecommerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not say whether the discussions were taking place with regulators in China or elsewhere.

Ant International is registered in Singapore.

Ant was founded by billionaire Jack Ma and is 33% controlled by Alibaba. It…