11: After Alibaba, Team Jack Ma’s Newest Centacorn: Ant Financial
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What do you call a unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn — Ant Financial. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what’s buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that doesn’t always make it into English language coverage. Alibaba Group, the owner-turned-affiliate-turned-shareholder of Ant Financial, was valued at $140 billion when it went public in 2014. Now, Alibaba’s spinoff payment platform Ant Financial was valued at more than $150 billion in their pre-IPO round in June 2018. What does Ant Financial do that makes it such a highly valued company? What is the convoluted relationship…