Alibaba restructures Ant Financial relationship, now owns a third of unit

Alibaba restructures Ant Financial relationship, now owns a third of unit

Photographer: Anthony Kwan/Bloomberg

Alibaba Group Holding Ltd. has bought a third of Ant Financial, the online financial services giant controlled by billionaire Jack Ma, five years after proposing a deal to strengthen ties between the two internet giants.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter