China's shoppers turn Jack Ma's Ant Financial into a debt giant

China's shoppers turn Jack Ma's Ant Financial into a debt giant

Jack Ma, chairman of Alibaba Group Holding Ltd., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 20, 2017. Photographer: Misha Friedman/Bloomberg

They’ve made billions of dollars helping sell everything from iPhones to hairdryers on China’s burgeoning online shopping platforms. Now, tech giants led by Alibaba Group Holding Ltd.’s finance affiliate are making money off the loans consumers use to buy those products.

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