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The enormity of Ant Financial


MarketWatch outlines the scale and sheer enormity of Ant Financial, the Chinese financial services behemoth founded by Jack Ma. (Ma is also the founder and CEO of Alibaba.)

According to MarketWatch: It handled more payments last year than Mastercard, controls the world’s largest money-market fund and has made loans to tens of millions of people. Its online payments platform completed more than $8 trillion of transactions last year — the equivalent of more than twice Germany’s gross domestic product.


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2018-07-30T19:22:48+00:00