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.

RWR Posts Supplemental Review of the Risk Section of Ant Group’s “Application Proof” Issued Prior to Its IPO

On September 25, 2020, RWR published a follow-on, supplemental report to an earlier RWR review of the risk factors present in the upcoming initial public offering (IPO) of Ant Technology Group in Hong Kong. This report examines the risk disclosures made within the company's "Application Proof" document and seeks to explain these risks in greater detail and to put them into better context for increased comprehension.