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National Social Security Fund, China Life, Xinhua Life, etc. The development history of Ant Group Business territory expanded year by year Although Ant Financial was only officially established in 2014, its predecessor, Alipay, was established as early as 2004, and was mainly used as a payment tool for the e-commerce website Taobao. In 2010, in order to obtain a third-party payment license from the People’s Bank of China, Alipay became independent from Taobao. In 2014, the parent company of Alipay changed its name to Ant Financial. Alipay’s independence from Taobao caused controversy that year, and even caused Alibaba founder Jack...