Ant Group is a financial company. Its financial professional qualifications cover banking, payment, loans, futures, insurance agency and other categories, and it has the qualifications to establish consumer finance companies. Ant Group’s financial institutional partners include commercial banks, insurance companies, fund management companies, securities companies, trust companies and other licensed financial institutions. The Origin of Ant Group

In 2000, online shopping had not yet become popular. Online shopping was a credit gamble between consumers and businesses, and many consumers were worried about being cheated. Later, the online shopping company launched Ant Group and began to cultivate trust with consumers. The buyer is allowed to receive the product and confirm satisfaction before the merchant receives payment. If the buyer receives counterfeit goods or does not receive the goods, the money paid will be refunded. Later, Ant Group was spun off from the online shopping company and became an independent company. Over time, Ant Group began to offer other services that users could use to apply for small loans, save money, and buy health and life insurance.