Alibaba Group Holding Ltd.'s financial services arm, Ant Financial Services Group, has been officially established, according to a company announcement. Formerly known as Small and Micro Financial Services Company, the company initiated its formation process in early 2013. It is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank, which […]

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