Ant Financial’s Acquisition of EyeVerify and the Establishment of Zoloz Co. Ltd.

This new report by RWR details Ant Financial's acquisition of Kansas City-based EyeVerify in 2016 and the subsequent formation of Zoloz Co. Ltd. The EyeVerify acquisition helped Ant Group to develop independent biometric technology capabilities and end its reliance on third-party vendors. Alibaba had been working to develop biometric technology capabilities at least since it was established in 2014. This report highlights the apparent ...

The Role of Alibaba and Ant Group in Megvii’s Ownership Stake Structure

In the attached report, RWR seeks to illuminate the nature of Alibaba's and Ant Group's past investments and ownership in Megvii Technology, a company that was added in October 2019 to the “Entity List” for being "implicated in human rights violations and abuses in the implementation of China's campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority ...

Alibaba and Ant Group: Involvement in China’s Military Civil Fusion Initiative

A new report published by RWR Advisory Group, outlines some of the ties that have been evident between China's Alibaba and Ant Group and the country's military civil fusion initiative. This report provides a number of examples of these entities intersecting with Beijing's efforts to leverage the capabilities of its companies to advance the technological capability of China's police and military.