Alibaba Finance Growth Paves Shareholder ‘Upside’

By | June 2, 2015

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China e-commerce titan Alibaba (BABA) will become an even bigger force through the expansion of its Ant Financial subsidiary’s mobile payment system and online banking service, according to an analyst research report on Tuesday. “Ant Financial has evolved from a payment company to a full service provider,” wrote W.R. Hambrecht & Co./Summit Research analyst Henry Guo in a research note on Tuesday. “Since launching Alipay in 2003, Ant Financial has Scalper1 News

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