China's e-payments giant Ant Group nears mammoth IPO

Shanghai (AFP) July 20, 2020

Ant Group, the online payments giant affiliated to Chinese e-commerce leader Alibaba, said Monday it had taken the first steps toward a blockbuster dual listing in Shanghai and Hong Kong that could be among the biggest in years. The IPO by Ant Group - whose Alipay platform dominates the country's thriving e-commerce market - also would mark a major step forward in a Chinese government init