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Alibaba’s financial arm eyes more capital to build an empire in China

Alibaba’s financial arm eyes more capital to build an empire in China

Ant Financial operates online payment platform Alipay, which has 400 million active users and more than 17 million overseas registered users, president Eric Jing says.

(Bloomberg)—E-commerce giant Alibaba Group Holding Ltd.’s financial affiliate has designs on becoming an all-round Chinese services juggernaut, and is willing to let investors join in as it takes on entrenched state-run institutions.

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