Alibaba finance arm plans 2016 IPO

18 Mar 2015
Alibaba Group Holding Ltd. financial affiliate Ant Financial is planning an initial public offering in China in 2016, according to documents obtained from asset management firm CDH Investments.  Such an IPO could be the biggest deal among financial institutions next year. During the first round of fundraising, investors will be able to buy a total of 10 percent of Ant Financial through a fund s

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