How Does Alibaba’s Ant Financial Operate?
Since Alibaba (BABA) has decided to exercise its option to swap its profit share in Ant Financial for an equity stake in the business, it’s important for investors to understand what exactly Ant does and how it could benefit Alibaba over the long term. Like its US counterparts Amazon.com (AMZN) and eBay (EBAY), Alibaba has dreams of a deeper global penetration, of expanding beyond its e-commerce roots. Ant has a wide-ranging presence in the digital economy—not just in China but in other Asian countries and beyond.