ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Alibaba's new 33% stake turns spotlight on possible Ant listing

But IPO remains suspect as Alipay operator shuns short-term profit focus

Chinese e-commerce giant Alibaba has acquired 33% of Ant Financial, the operator of Alipay.   © Reuters

HONG KONG -- Alibaba Group Holding has purchased one-third of Ant Financial, the operator of leading Chinese online payment system Alipay, but it remains uncertain whether the restructuring clears a path for Ant's long-awaited stock listing.

Alibaba receives the 33% stake in return for ending a profit-sharing agreement that required Ant Financial to hand over 37.5% of its pretax profit to the Chinese e-commerce kingpin.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more