Ant Group's Global Expansion Accelerates, Aiming for 20% Overseas Revenue Contribution

Ant Group's Global Expansion Accelerates, Aiming for 20% Overseas Revenue ContributionAt the recent Bund Summit media briefing, Zhao Wenbiao, CEO of Ant Group, revealed that the company saw a 35% increase in customer numbers over the past year, with several of its products achieving top market share in their respective categories. He emphasized that international expansion is a key strategic focus for Ant Group, aiming for overseas operations to contribute 20% of total revenue and become a significant growth driver

Ant Group's Global Expansion Accelerates, Aiming for 20% Overseas Revenue Contribution

At the recent Bund Summit media briefing, Zhao Wenbiao, CEO of Ant Group, revealed that the company saw a 35% increase in customer numbers over the past year, with several of its products achieving top market share in their respective categories. He emphasized that international expansion is a key strategic focus for Ant Group, aiming for overseas operations to contribute 20% of total revenue and become a significant growth driver.

Zhao Wenbiao believes that as industry digitalization enters deeper waters, simply merging digital technologies with traditional industries is no longer sufficient. Industry digitalization needs to shift from localized, single-point solutions to comprehensive efficiency improvements, progressing from single-point enhancements to full-path upgrades. To address the diverse needs of industry digitalization, Ant Group has established three core business segments:

1. Cloud Services (Cloud+): Helping companies transition to digital "cloud adoption" and build more powerful technology engines.

2. AI Services (AI+): Leveraging AI to revamp and upgrade the efficiency of risk management, marketing, and other scenarios, helping businesses establish a competitive edge in the age of large language models.

3. Blockchain Services (Blockchain+): Building industry trust through technology, boosting the efficiency of digital collaboration, and accelerating the circulation of data assets.

Currently, several Ant Group products hold the top market share in their respective categories. Notably, AntChain, its blockchain service brand, holds a 26.5% share of the Chinese BaaS market, ranking first for four consecutive years. Mozi, its privacy computing service brand, has held the top position in the Chinese privacy computing platform market for two consecutive years with a 35.3% share. AntShield, its security and risk management brand, also sits atop the Asia-Pacific anti-fraud market.

Zhao Wenbiao pointed out that with the ongoing development of digitalization, the explosion of data, and increasingly close digital collaboration across industry chain upstream and downstream, the needs of industry digitalization are becoming more diverse. Even cutting-edge technologies like large language models cannot provide a singular solution. Therefore, Ant Group plans to invest in multiple digital technology innovations, including blockchain, the Internet of Things, privacy computing, and AI, to build a network for digital asset circulation and unlock new dividends from industry digitalization.

During the Bund Summit, a sub-forum hosted by Ant Group saw active discussions about Web3 innovation practices. Ant Group has been making long-term investments in Web3 technology research and development, building HOU, a high-performance, large-scale blockchain network architecture, and supporting cross-chain interconnectivity. Recently, Ant Group partnered with Langxin Technology to issue the first cross-border RWA (Real-world Asset) token, which was selected as one of the first asset tokenization cases by the Hong Kong Monetary Authority, marking a key step in using Web3 technology to empower real-world industries. Zhao Wenbiao stated that the RWA model, akin to a mini-IPO, can significantly enhance financing efficiency for real-world businesses. In the future, Ant Group will continue to delve deep into Industrial Web3, creating a network for digital asset circulation, building a technological bridge for more real-world businesses, and enabling more SMEs to connect with global capital through blockchain networks, thereby opening up more opportunities for growth.

Currently, emerging markets like Southeast Asia are experiencing strong demand for digitalization, making technological expansion a primary driver for Chinese companies going global. Zhao Wenbiao expressed that Ant Group is actively advancing its technology globalization strategy. Through ecosystem co-construction and other strategies, the company is increasing the intensity of localized operations, seizing opportunities for digital transformation in emerging markets like Southeast Asia.

It has been reported that in 2023, Ant Group's overseas revenue surged by 300%. Its mobile development platform mPaaS, security technology ZOLOZ, and Web3 technology service platform ZAN have already served hundreds of overseas partners, spanning various sectors such as telecommunications, finance, and government.

Ant Group's accelerated international expansion not only injects new vitality into its own business development but also contributes to the global transformation of industry digitalization, making it a venture worth watching in the future.

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