A dream stock to own. I have to have this
How does this affect Alibaba shareholders?
A good question that I cant answer. I do know there will be a massive amount of cash piling into Ant.
Does FT have any stocks listed on the hong kong exchange?
No not yet. I will get this using Degiro.
Found this, Ant are behind the payment app Alipay
In 2011, Alibaba sold control of Alipay to a group controlled by Jack Ma, a move it said was done to satisfy Chinese regulations. Yahoo, which was Alibaba’s biggest shareholder at the time, said that transaction happened without its knowledge, something the Chinese e-commerce giant denied at the time.
Yahoo, another major shareholder SoftBank and Alibaba eventually came to a deal that same year: Alibaba would be paid at least $2 billion but no more than $6 billion if Alipay went public. Alipay was also required to pay licensing fees and continue serving Taobao, one of Alibaba’s e-commerce platforms.
And Jack Ma personally owns a controlling stake in Ant Finacial