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Finance

How Ant Group turned into the Alibaba of Chinese finance

Alipay has evolved into a virtual mall for insurance, loans, funds and more

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | China

HONG KONG -- Ant Group's planned $30 billion initial public offering is set to mark the emergence of the company's Alipay platform as a "super app" comparable to Tencent Holdings' WeChat.

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