Alibaba Will Buy a Fifth of Shares in Ant Group’s Mega IPO
The Ant Group logo and the Alibaba Group logo are displayed behind a reception desk in Hangzhou, China. (Photographer: Qilai Shen/Bloomberg)

Alibaba Will Buy a Fifth of Shares in Ant Group’s Mega IPO

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(Bloomberg) -- Alibaba Group Holding Ltd. has agreed to subscribe to more than a fifth of Ant Group’s imminent initial public offering, propping up its part-owned fintech giant’s potentially $35 bi...
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