What is Jack Ma’s Ant Group and how does it make money?

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Digital financial services giant Ant Group is set to pull off the world’s biggest initial public offering, or IPO. Chinese billionaire Jack Ma, the co-founder and former executive chairman of Alibaba which owns the Post, controls Ant Group through ownership of over half of its shares. Ant operates China’s massive e-payment system Alipay, but its services also extend into lending, investment and insurance products. With 95.6 per cent of its revenue coming from within China mainland, the Hangzhou-headquartered company now hopes to expand internationally.


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[theolich]

I remember the time when Alipay was just considered an indigenous version of Paypal. But oh how soon did people discover that it's much superior...

[Deniss-cpfo]

The title of the video got me confused,
I thought Jack Ma was selling ants colony and became rich because of it

[bw]

If the entire world blacklists Chinese companies... they will still have access to 1/5 of the world's consumers 😂

[stevenlee]

In case you don’t know
SCMP is owned by alibaba

[jofx]

While here in Indonesia: *Laugh in e-wallets*

[shikhashaurya]

South China Morning post is owned by Alibaba Group itself😅

[VNtheOnly]

China make me feel like a celebrity bc I getting spied all the time .😎

[juvezhang]

Ant group lend money, and the money actually from Banks, smart middle man bussiness.

[rayk]

I thought it was totally something else from title

[mpbee]

and the rich get richer...inequality will be the burden of our planet.

[nileshbhattacharya]

Chinese investor better than India and America

[Sam_Hue]

If an video is private you know something’s up

[twilightaesthetic]

Did he say he uses Alipay to buy "Air"?

[mosaicbrokenhearts]

Elon musk was like he met the dumbest person on earth. Watch their interview 😂

[mindmybusynass.m]

Some say Jak Ma is communist.. I say so what?
Jack Ma proves beng communist means make even more money when you? only wish keep dreaming.

[deaftodd]

Jack Ma looks so weird that half of forehead is on the top half with a face on the bottom half as if he was one of the character in Star Wars or better yet in Antz or Bugs Life.

[tonykwok]

PLANET OF THE ANTS🤣🤣🤣🤣🤣PLANT MORE TREES🤣🤣🤣🤣🤣ON HDB CARPARKS😂🤣🤣🤣🤣BANANA PAPAYA TAPIOCA COCONUT🤣🤣🤣🤣🤣

[damusdeshi]

This is not innovation. This is making a country fell into high debt.👎