Alibaba acquires 33% in Ant Financial, ends royalties deal

(Telecompaper) Alibaba Group announced that it has received a newly-issued 33 percent equity interest in Ant Financial, the financial services provider spun off by the e-commerce giant… http://feedproxy.google.com/~r/TelecompaperFixed/~3/iA7jGVAIfGc/alibaba-acquires-33-in-ant-financial-ends-royalties-deal–1309417