A digital payment service kicked off in 2004 that has skyrocketed from alibaba's own secure payment.
Get Alibaba Ownership Of Ant Group Background. Annual active consumers in china. Alibaba's global annual active users now 860 million (this excludes ant).
Ant Group Poised For One Of 2020 S Biggest Ipos from www.irishtimes.com
Baba) fintech affiliate ant financial could go public in hong kong soon, according to reuters. Alibaba has a 33% stake. A digital payment service kicked off in 2004 that has skyrocketed from alibaba's own secure payment.
An affiliate company of alibaba formed in 2014 to serve as the parent to alipay, as well as other financial services.
Wsj explains how ant's backbone service, alipay, has revolutionized payments and investing in the world's most populous country. The postponement of the massive ant group initial public offering appeared to be the result of jack ma, the group's largest shareholder, speaking. Alibaba owns a 32.65% stake and has no control over the company. Ant group has outlined its ownership structure ahead of its dual listings in shanghai and hong kong.
