I bet very few people have heard of Ant Financial Services Group. I guarantee everyone in the financial services industry should know about Ant. Ant has recently been valued at a piddly $45 billion. How can a company few know, that is not a household name, be valued at such a astronomical level? Easy answer in one word: Alibaba – read this.Alibaba spun Ant as its fintech arm and Ant started operating Alipay, one of Alibab’s crown jewels focused on payment processing. Alipay processes over two thirds of all payments transactions generated from Alibaba’s e-commerce
Source: One Fintech Company to rule them all | Pascal Bouvier, CFA | LinkedIn
