Alibaba wins approval to restructure Ant Financial relationship

Maggie Wu, chief financial officer of Alibaba, said following the deal that “we expect to see greater synergy coming from the whole Alibaba economy”. Earlier on Tuesday, Eric Jing, chairman and chief executive of Ant, said its Alipay payments platform alongside its ewallet partners currently serve a collective 1.2bn users globally — a 20 per cent increase since the end of December 2018. Mr Ma, Alibaba founder and China’s richest man, retired earlier this month aged 55.

source https://finance.yahoo.com/m/a3e7cec0-3085-3f8b-96a5-15a9ab22467d/alibaba-wins-approval-to.html?.tsrc=rss

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