Ant Group IPO shows power of mobile payments in China The Washington Post


Source: washingtonpost.com washingtonpost.com

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Follow October 27, 2020 at 4:59 AM EDT SEOUL — Go to a store, hop in a taxi, or even stop by a street peddler's cart in China, and you will see QR codes strung up on colorful laminated squares. These mobile payment codes are the default way money changes hands in China these days, and the reason Ant Group's IPO is set to be the world's largest . arrow-right China’s Ant Group — the Alibaba spinoff behind the ubiquitous blue QR payment codes across the world’s second-largest economy — announced plans on Monday to raise more than $34 billion...