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Ecommerce

Behold the Mighty Ant – WSJ [Video]

Everything about China’s economy is stupendously big, and so it is that financial-services company Ant Group will become the world’s largest initial public offering when it hits the Hong Kong and Shanghai stock exchanges next month. But what are investors buying?

Ant Group is the financial-services component of Jack Ma’s Alibaba empire. Its plan to sell $34.4 billion in shares, divided between the two exchanges, values the company at $313 billion—more than most Western banks.

That…

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