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Ant's IPO plan: What to know about China's $200bn fintech king

Company controlled by Alibaba founder Jack Ma plans dual listing this year

Ant Group is planning a dual IPO as competition in China's digital payments market heats up. (Source photos by Reuters and AP)

HONG KONG -- Ant Group, the fintech affiliate of Chinese ecommerce titan Alibaba Group Holding, said on Monday that it will seek an initial public offering in Shanghai and Hong Kong. The Hangzhou-based fintech firm, valued at least $200 billion, aims to sell 10% of its shares through the dual listing, the Nikkei Asian Review has learned.

Here are five things to know about the company ahead of its planned IPO:

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