Ahead of IPO, Ant Group faces an identity conundrum — is it a tech firm or a bank?

Ahead of IPO, Ant Group faces an identity conundrum — is it a tech firm or a bank?

Photographer: Anthony Kwan/Bloomberg

China’s Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it — a financial colossus or a tech giant?

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