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.
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
Read Next
Latest on Finance
