How Ant grew into an elephant-sized behemoth

Alibaba affiliate balances push beyond financial services and regulatory tests

20200803 Caixin Ant financial RTS24XFR.JPG

Ant Group Chairman Eric Jing speaks at the fifth World Internet Conference in Wuzhen, China, in 2018. © Reuters

HU YUE, QIAN TONG, ZHANG YUZHE and HAN WEI, Caixin

It was a long wait for investors before Ant Group, the Chinese fintech giant affiliated with Alibaba Group Holding, announced its plan last month to go public, kicking off one of the world's most anticipated share sales.

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