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

About This Source - South China Morning Post

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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  • South China Morning Post published this video item, entitled “What is Jack Ma’s Ant Group and how does it make money?” – below is their description.

    Digital financial services giant Ant Group is set to pull off the world’s biggest initial public offering, or IPO. Chinese billionaire Jack Ma, the co-founder and former executive chairman of Alibaba which owns the Post, controls Ant Group through ownership of over half of its shares. Ant operates China’s massive e-payment system Alipay, but its services also extend into lending, investment and insurance products. With 95.6 per cent of its revenue coming from within China mainland, the Hangzhou-headquartered company now hopes to expand internationally. Support us: https://subscribe.scmp.com

    South China Morning Post YouTube Channel

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