SHANGHAI -- Ant Group has built a financial empire unparalleled in the world by taking advantage of the pools of data and funds it has built up through digital transactions on online retail and payment services platforms linked to Alibaba Group Holding.
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Ant, which is preparing to raise a maximum of $39.6 billion in the world's largest IPO, controlled 55% of China's $29.9 trillion mobile-payment market in the first quarter of 2020. (Source photos by Reuters)
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