Ant Financial's annual profit soars 65% ahead of anticipated IPO

Ant Financial's annual profit soars 65% ahead of anticipated IPO

A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip

Ant Financial, the Chinese online finance behemoth that’s expected to seek an initial public offering, posted a 65 percent jump in profit in fiscal 2018 as it expanded its footprint in wealth management, consumer lending and overseas markets.

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