Ant Group, the operator of Alipay, is expected to be the biggest initial public offering on record, outpacing Saudi Aramco’s US$29.4 offering last year. Photo: Reuters
Ant Group, the operator of Alipay, is expected to be the biggest initial public offering on record, outpacing Saudi Aramco’s US$29.4 offering last year. Photo: Reuters
Ant Group
Business /  Banking & Finance

Explainer |
What is Jack Ma’s Ant Group and how does it make money?

  • China’s digital payments transaction volume is expected to increase to US$61 trillion by 2025
  • Consumers and small businesses’ credit balance in China could swell to US$7.45 trillion by 2025. Ant has only tapped 4 per cent of this market so far

Knowledge |   Alibaba
Alison Tudor-AckroydChad Bray
Alison Tudor-Ackroyd and Chad Bray

Updated: 12:54pm, 28 Oct, 2020

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Ant Group, the operator of Alipay, is expected to be the biggest initial public offering on record, outpacing Saudi Aramco’s US$29.4 offering last year. Photo: Reuters
Ant Group, the operator of Alipay, is expected to be the biggest initial public offering on record, outpacing Saudi Aramco’s US$29.4 offering last year. Photo: Reuters
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