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Alibaba's finance arm, Ant Financial, is mystery to most investors

John Foley 

Alibaba's finance arm is one of the secrets of the Chinese e-commerce group's success. Yet investors in the listed Alibaba Group don't control a single share of the business, and can't reliably estimate its worth. That puts them at a disadvantage to a select group of insiders with a seat on both sides of the table. The business, which was recently renamed Ant Financial, houses the Alipay payment processing system and a controlling stake in the money market fund management firm Tianhong. It plans to take on Alibaba's portfolio of loans to small companies, and even start ...

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First Published: Sat, November 22 2014. 21:17 IST
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