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Alibaba to acquire 33pc stake in Ant Financial, clearing the way for Alipay IPO

Retrieved on: 2018-01-31 22:03:45

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<div>Alibaba Group Holding has agreed to acquire a 33 per cent stake in affiliate Ant Financial Services, deepening the e-commerce company's participation in China's fast-growing <b>financial technology</b> sector and paving the way for the public listing of payments giant Alipay. Hangzhou-based Alibaba also ...</div>

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