IT’S STRICTLY CRYPTO-BUSINESS, IT’S NOT PERSONAL

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Alibaba Group Holding – the largest internet commerce company in China – announced that it would acquire a third of the shares of Ant Financial which is preparing for the initial public offering (IPO). The activity of Ant Financial consists, in particular in the creation of a blockchain platform for donations. Ant is the second company after the online payment system Alipay. And the purchase of Ant shares will likely help Alibaba gain an even greater advantage over competitors in the e-commerce sector. Recall that in 2016 the company value of Ant was estimated at sixty billion dollars.

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