The Ant From Alibaba Beats Saudi Aramco, Raising $34b in World’s Largest IPO

‘Started as Alipay in 2004, Ant Group has transformed from a digital payments company for Alibaba to an aggregator of financial services. Today, the group’s lending, wealth management, and insurance offerings count for 63% of its revenue. In the first half of this year, a further shift in revenue generation saw the credit business surpassing … Continue reading The Ant From Alibaba Beats Saudi Aramco, Raising $34b in World’s Largest IPO