TLDR
A Brief History of Jack Ma's Ant Financial - the $150B Unicorn - is not Airbnb, Instacart or Doordash. Ant Financial’s initial product was Alipay, a payment-processing service started in 2004 by Alibaba, the world's largest retailer and e-commerce company. Today, Ant Financial has a suite of services aimed at providing “inclusive finance” to the Chinese masses: mobile payments, savings accounts, personal investing, lending, and credit scoring.via the TL;DR App
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Written by juliawu | Engineering at Brex, Apple, Microsoft. I write about fintech, crypto and China
