Date
20 October 2017
Alibaba's affiliate Ant Financial Group is "still a baby", group chairman Jack Ma says. Photo: CNSA
Alibaba's affiliate Ant Financial Group is "still a baby", group chairman Jack Ma says. Photo: CNSA

Alibaba’s Ma says no timetable for financial arm IPO

Alibaba Group chairman Jack Ma said on Monday that there is no timetable for a listing of the e-commerce giant’s financial affiliate Zhejiang Ant Small & Micro Financial Services Group.

He also said that he hasn’t decided on a listing location for Ant Financial, which has under its fold the Alipay payment processing and financial services unit, the Wall Street Journal reported.

“I think Ant Financial should go public but it is still a baby,” Ma was quoted as saying in Hong Kong on the sidelines of an event for young entrepreneurs.

“I haven’t considered when and where to list the operation.”

Bloomberg reported last week that Ant Financial is planning for an initial public offering that could take place next year.

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RC

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