Ant Financial marches towards IPO

The growth of Alibaba’s financial services arm highlights a burgeoning sector in China hungry for capital: fintech

Alibaba shattered records last year with its $25 billion flotation and it appears that it is just getting started. The Chinese e-commerce giant is also planning to take its financial services company, Ant Financial Services Group, public in the next few years.

Internet companies are increasingly tapping into their vast customer base to expand into online and offline financial services, a trend that many expect will continue and could set the stage for a spar with traditional banks.

With no blockbuster Asian IPOs on the horizon for 2015, some industry observers are already looking ahead to Ant Financial. JG Capital, a tech-focused investment research firm,...

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