Ant IPO exposes new fault lines in China banking

Ant Financial’s expected IPO a key moment for China’s financial reforms as it shows how fintech is upending the competitive landscape for traditional lenders, both private and state-owned.
Jack Ma calls halt to SOE stranglehold
Jack Ma calls halt to SOE stranglehold
March 16, 2015

Ant Financial Services Group, an arm of e-commerce giant Alibaba, is generating excitement among bankers and investors as it gears up for an initial public offering that could be next year’s biggest deal in financial technology.

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