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Sask Métis News – Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins – The Wall Street Journal


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Sask Métis News – Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins – The Wall Street Journal

HONG KONG—Ant Group Co., the Chinese financial-technology giant controlled by billionaire Jack Ma, revealed how highly profitable its business has been as it gears up for what is likely to be a record-breaking initial public offering. The owner of the popular payments and lifestyle app Alipay on Tuesday filed listing documents for IPOs on stock…

Sask Métis News – Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins – The Wall Street Journal

Sask Métis News –

HONG KONG—Ant Community Co., the Chinese language financial-technology giant controlled by billionaire Jack Ma, published how extremely successful its alternate has been because it gears up for what’s more seemingly to be a file-breaking preliminary public offering.

The proprietor of the favored funds and life-style app Alipay on Tuesday filed checklist documents for IPOs on inventory exchanges in Shanghai and Hong Kong, publicly disclosing for the first time detailed financial records showing the size and scale of its alternate.

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