Alibaba Affiliate Ant Financial Changing Name, Focus
An affiliate of Chinese eCommerce giant Alibaba Group Holding (NYSE: BABA) is rebranding and changing tack, according to media reports. Ant Financial Services Group, the largest fintech company in China, has filed for a change in its business-registration records to be called Ant Technology Group. According to the company, it has received official approval to do so.
The new name will take effect once its details are updated by the State Administration for Industry and Commerce. It is not clear when this might occur.
Image source: Ant Financial Services Group.
Source Fool.com
