{"id":74751,"date":"2020-09-25T02:09:00","date_gmt":"2020-09-24T23:09:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/"},"modified":"2020-09-25T02:09:00","modified_gmt":"2020-09-24T23:09:00","slug":"ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/","title":{"rendered":"#\n  Ant Group IPO: Five things to know about the Alibaba affiliate aiming for the largest offering in history"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40c451e006f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40c451e006f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Chinese_financial-technology_juggernaut_known_for_its_Alipay_%E2%80%98_ubiquitous_super_app_handles_payments_insurance_investments_and_more\" >Chinese financial-technology juggernaut, known for its Alipay \u2018 ubiquitous super app,\u2019 handles payments, insurance, investments and more<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Jack_Ma_%E2%80%9Chas_ultimate_control_over_our_Company%E2%80%9D_Ant_Group_said_in_a_filing_as_it_plans_to_go_public\" >Jack Ma &#8220;has ultimate control over our Company,&#8221; Ant Group said in a filing as it plans to go public.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#A_sprawling_financial_empire\" >A sprawling financial empire<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Tightly_linked\" >Tightly linked<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Money_machine\" >Money machine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Competition\" >Competition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#How_to_invest\" >How to invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/ant-group-ipo-five-things-to-know-about-the-alibaba-affiliate-aiming-for-the-largest-offering-in-history\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Ant Group IPO: Five things to know about the Alibaba affiliate aiming for the largest offering in history<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Chinese_financial-technology_juggernaut_known_for_its_Alipay_%E2%80%98_ubiquitous_super_app_handles_payments_insurance_investments_and_more\"><\/span>\n  Chinese financial-technology juggernaut, known for its Alipay \u2018 ubiquitous super app,\u2019 handles payments, insurance, investments and more<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000019269\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-235883?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-235883?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-235883?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-235883?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-235883?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-235883?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-235883?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-235883?width=1260&amp;size=1.5005861664712778\" alt=\"\" title='Jack Ma \"has ultimate control over our Company,\" Ant Group said in a filing as...'><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Jack_Ma_%E2%80%9Chas_ultimate_control_over_our_Company%E2%80%9D_Ant_Group_said_in_a_filing_as_it_plans_to_go_public\"><\/span>Jack Ma &#8220;has ultimate control over our Company,&#8221; Ant Group said in a filing as it plans to go public.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            AFP via Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Ant Group could be headed for the largest initial public offering in history, as the Chinese financial-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> juggernaut chases a valuation that would rival the biggest payments companies in the world.\u00a0<\/p>\n<div class=\"paywall\">\n       The Alibaba Group Holding Ltd.<br \/>\n        BABA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201948298\/composite\" class=\"negative\">-1.18%<\/bg-quote><br \/>\n      -affiliated company controlled by Jack Ma has filed paperwork to list its shares concurrently on the Hong Kong and Shanghai exchanges. Ant, which runs China\u2019s immensely popular Alipay mobile wallet, is reportedly looking to <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-21\/jack-ma-s-ant-is-said-to-lift-ipo-funding-target-to-35-billion?sref=Oeyjq8by\" class=\"icon none\">rake in at least $35 billion<\/a> through an offering that could value the company at $250 billion, according to Bloomberg.\u00a0<\/p>\n<p> That would make Ant\u2019s offering larger than that of Saudi Aramco, which <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/aramco-shares-rise-10-after-worlds-biggest-ipo-11576050635\" class=\"icon none\">brought in more than $25 billion<\/a> in the biggest IPO to date so far. A valuation of $250 billion would make Ant worth more than Bank of America Corp.<br \/>\n        BAC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200894270\/composite\" class=\"positive\">+0.34%<\/bg-quote><br \/>\n       ($207 billion) and PayPal Holdings Inc.<br \/>\n        PYPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208054269\/composite\" class=\"positive\">+0.31%<\/bg-quote><br \/>\n       ($213 billion) but less than JPMorgan Chase &amp; Co.<br \/>\n        JPM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205971034\/composite\" class=\"negative\">-0.08%<\/bg-quote><br \/>\n       ($287 billion), Mastercard Inc.<br \/>\n        MA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207581792\/composite\" class=\"positive\">+1.13%<\/bg-quote><br \/>\n       ($336 billion) and Visa Inc.<br \/>\n        V,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203660239\/composite\" class=\"positive\">+0.07%<\/bg-quote><br \/>\n       ($427 billion).<\/p>\n<p>The company is best known for its mobile-payments offering, but it aims to be a one-stop financial hub that also provides access to wealth management, investing and insurance services. Analysts view the payments portion of the business as a gateway that brings users in to Ant\u2019s more complex offerings.\u00a0<\/p>\n<p>Here are five things to know about Ant as it prepares for a public debut.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"A_sprawling_financial_empire\"><\/span>A sprawling financial empire<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Unlike Western mobile wallets, Ant\u2019s platform touches on nearly all aspects of one\u2019s financial life. Ant goes beyond what PayPal and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le Inc.\u2019s<br \/>\n        AAPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202934861\/composite\" class=\"positive\">+1.02%<\/bg-quote><br \/>\n       Apple Pay do, offering services for everything from payments to credit to insurance to investments within Alipay, which the company calls a \u201cubiquitous super app.\u201d Ant counts more than a billion annual active users for the Alipay app and 711 million monthly active users.\u00a0<\/p>\n<p>The Alipay app is \u201csynonymous with digital payments in China,\u201d Ant said in its filing. Bernstein analyst Kevin Kwek sees the payments component as a \u201chook product\u201d for the company that may have limited profit potential but helps the company bring in new users who can then try out more lucrative services.\u00a0<\/p>\n<p>App-based payments are commonplace in China, even for in-person transactions, and this is perhaps the most well-known aspect of Ant\u2019s business. But other areas of the business are more interesting, Kwek argued in a note to clients, particularly the company\u2019s credit business, in which Ant originates loans that are almost entirely underwritten by financial partners, giving the company useful loan insights without requiring it to take much balance-sheet risk.\u00a0<\/p>\n<p>The credit business is \u201cmaybe the gem\u201d of Ant\u2019s business, Kwek wrote. By his math, with a \u201cconservative\u201d assumption that the company only made one loan to each of its 500 million loan customers over the past 12 months, Ant would have originated 16 loans per second. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cEveryone has heard of the \u2018fintech model,\u2019 where data insights from online activities will be used for underwriting and everything will happen digitally (and quickly, even instantaneously),\u201d he wrote. \u201cBut to witness the growth at this scale was indeed a surprise.\u201d <\/p>\n<p>Ant also offers investment services through the distribution of money-market funds, as well as wealth-management and insurance options.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Tightly_linked\"><\/span>Tightly linked<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Alibaba previously had a profit-sharing arrangement with Ant in which Alibaba received 37.5% of the company\u2019s pretax profits, but Alibaba announced in early 2018 that it would be switching to an equity structure. Now, Alibaba has a 33% stake in Ant through its subsidiaries, a move that analysts thought would help the Chinese e-commerce giant benefit from a potential Ant IPO down the line.\u00a0<\/p>\n<p>\u201cEquity ownership allows us to participate in the long-term value creation of Ant Financial as opposed to the quarter-to-quarter fluctuations of a profit share,\u201d Executive Vice Chairman Joseph Tsai said on the company\u2019s earnings call at the time.\u00a0<\/p>\n<p>Beyond the equity interest, Ant and Alibaba collaborate on business-related issues. \u201cWe, together with Alibaba, are building the infrastructure for commerce and services,\u201d Ant said in its filing. The companies work together by \u201csharing insights\u201d derived from their platforms, expanding cross-border efforts, and \u201cjointly serving\u201d both consumers and merchants. Ant lists synergies with Alibaba among its business strengths in its filing.\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Money_machine\"><\/span>Money machine<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ant generated RMB 120.6 billion ($17.7 billion) in revenue over the course of 2019, up from RMB 85.7 billion a year earlier. The company\u2019s latest annual total consisted of RMB 51.9 billion in digital payments revenue and RMB 41.9 billion in credit-technology revenue. Ant added RMB 8.9 billion in revenue from insurance technology and RMB 17 billion from investment technology.\u00a0<\/p>\n<p>The company posted a non-IFRS profit of RMB 24.2 billion for 2019, after recording a loss of RMB 18.3 billion in the prior year. The non-IFRS profit represents profit before accounting for equity-based compensation, royalty and service payments, gains on the disposal of subsidiaries, and some other items.\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Competition\"><\/span>Competition<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ant\u2019s main competitive pressures come from Tencent Holdings Ltd.<br \/>\n        700,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204605823\/delayed\" class=\"negative\">-1.75%<\/bg-quote><\/p>\n<p>        TCEHY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207908563\/delayed\" class=\"positive\">+0.18%<\/bg-quote><span>,<\/span><br \/>\n       which operates the WePay platform, but while the companies are close in terms of the amount of consumption spending they help facilitate, Bernstein\u2019s Kwek said that Ant is \u201cwell ahead\u201d in the other areas of its business.\u00a0<\/p>\n<p>\u201cAnt is ~5x bigger on loans under management, ~4x bigger on assets under management on the wealth management side, and ~3x more on insurance partners,\u201d he wrote in a note to clients. \u201cThe Tencent competitive threat exists, but isn\u2019t that large today.\u201d\u00a0<\/p>\n<p>The real question for Kwek is what Alibaba will need to do to maintain its edge. This could mean \u201climited increase in take rates,\u201d or the amount of money that Ant retains for helping to facilitate various financial interactions, as the company fends off competition.<\/p>\n<p>The biggest pain point for Alibaba might come from the Chinese government, which has <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/jack-mas-fintech-giant-ant-to-drop-financial-from-its-name-11592822997\" class=\"icon none\">put up roadblocks to Ant\u2019s growth in the past<\/a>. Ant mentions in its filing that China\u2019s \u201claws, rules and regulations are highly complex, and continuously evolving\u201d as it relates to obtaining and maintaining the proper approvals for doing business. <\/p>\n<p>\u201cThey could change or be reinterpreted to be burdensome or difficult for us, businesses on our platform or our partners to comply with,\u201d the company cautioned. <\/p>\n<h4><span class=\"ez-toc-section\" id=\"How_to_invest\"><\/span>How to invest<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>While Alibaba shares are listed in the U.S. and Hong Kong, Ant is aiming for a dual listing of its shares in Hong Kong and Shanghai amid increasing tensions between the U.S. and China. The U.S. government is looking to impose stricter restrictions on Chinese companies listed on U.S. exchanges.<\/p>\n<p>Because Ant\u2019s shares are expected to list in Hong Kong and Shanghai, the process of buying these stocks isn\u2019t as straightforward for U.S. investors as it would be for stocks listed on U.S. exchanges. Investors should check with their brokerages for specific rules.\u00a0<\/p>\n<p>A spokeswoman for Interactive Brokers Group Inc.<br \/>\n        IBKR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208880397\/composite\" class=\"negative\">-0.36%<\/bg-quote><span>,<\/span><br \/>\n       for example, told MarketWatch that its international investors could access stocks on both exchanges. A spokeswoman for Charles Schwab Corp.<br \/>\n        SCHW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201281754\/composite\" class=\"negative\">-1.20%<\/bg-quote><br \/>\n       said that clients could access Hong Kong-listed stocks but not those listed in Shanghai. A spokesman for Robinhood said that the company doesn\u2019t currently support stocks trading on foreign exchanges.\u00a0<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Emily Bary\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Emily_Bary\"><\/span><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/marketwatch.com\/author\/emily-bary?mod=MW_author_byline\">Emily Bary<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D4B4557C7259%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ant Group IPO: Five things to know about the Alibaba affiliate aiming for the largest offering in history &#8221; Chinese financial-technology juggernaut, known for its Alipay \u2018 ubiquitous super app,\u2019 handles payments, insurance, investments and more Jack Ma &#8220;has ultimate control over our Company,&#8221; Ant Group said in a filing as it plans to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":74752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-74751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/74751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=74751"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/74751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/74752"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=74751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=74751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=74751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}