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Ant Financial Services Group (Alibaba)

Alibaba’s Affiliate Ant Financial Services Starts Internet Bank: MYbank

One of Alibaba Group’s affiliates, Ant Financial Services Group, and other investors have started a privately owned Internet bank, MYbank, to provide “inclusive and innovative financial solutions” at lower cost to small business and consumers. Other than Ant Financial, investors of MYbank include: Shanghai Fosun Industrial Technology Development Co., Wanxiang Sannong Co., and Ningbo Jinrun Asset Management. The bank has ... Read More »