Squeezed margins, ‘new retail’ and possible Ant Financial IPO – five takeaways from Alibaba’s Q3 earnings

1. Alibaba stake in Ant Financial paves the way for payments company to go public
Alibaba Group Holding, which owns the South China Morning Post, said late on Thursday that it would gain a 33 per cent stake in finance affiliate Ant Financial in exchange for certain intellectual property rights it owns that are related exclusively to Ant Financial – a move widely regarded as clearing the road for an Ant Financial initial public offering. Ant Financial might not be allowed to go public…



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