Billionaire Jack Ma sets a new record with his giant ant - in 2014 his Alibaba IPO had already broken all records. Today, this new mega-IPO responds perfectly to the wishes of Beijing, which wants to see the national flagships of the technology sector listed on national stock exchanges (Shanghai and Hong Kong), in a period of heightened rivalry with the United States. United. Ant Group is the parent company of Alipay, an essential payment system in China, which claims 700 million monthly users for an annual transaction volume equivalent to 14,000 billion euros.
Billionaire Jack Ma sets a new record with his giant ant - in 2014 his Alibaba IPO had already broken all records. Today, this new mega-IPO responds perfectly to the wishes of Beijing, which wants to see the national flagships of the technology sector listed on national stock exchanges (Shanghai and Hong Kong), in a period of heightened rivalry with the United States. United. Ant Group is the parent company of Alipay, an essential payment system in China, which claims 700 million monthly users for an annual transaction volume equivalent to 14,000 billion euros.
