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Alibaba to Buy 33% Equity Stake in Fintech Affiliate Ant Financial

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The Alibaba Group will take a 33% equity stake in Ant Financial, it’s affiliate fintech company that operates popular mobile payments service Alipay, the group announced today. The stake comes from an agreement between Alibaba and Ant first signed in 2014, according to the companies, and will allow Alibaba to buy newly released shares in […]

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