What is Jack Ma’s Ant Group and how does it make money?
Alison Tudor-Ackroyd and Chad Bray, South China Morning Post
Updated as of Oct 28 05:39 PM
China’s digital payments transaction volume is expected to increase to US$61 trillion by 2025. Consumers and small businesses’ credit balance in China could swell to US$7.45 trillion by 2025. Ant has only tapped 4 percent of this market so far.
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