Alibaba’s payments arm Ant Group, which has most recently been valued at $150bn, has announced its long-awaited public offering with a dual listing in Shanghai and Hong Kong.
Ant, which was founded by Jack Ma, has grown into China’s dominant mobile payments company with 900m annual users. But it has also run into regulatory concerns about its outsized role in the financial sector and about its profitability.
A senior Ant executive, who did not wish to be named, said the company had waited to announce its listing in order to “secure the full support of Beijing”.
您已閱讀18%（565字），剩余82%（2529字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。