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What is the relationship between Alibaba Group and Ant Financial Group? Is the former the parent company of the latter?
Ant Financial Services is a business operated by Alibaba Group, and Alibaba Group and Ant Financial Services Group are affiliated companies. Not the parent company.

Ant Financial started with Alipay and was established in 2004. 20 13 March, Alipay's parent company announced that it would be the main body to build a micro-finance service group, referred to as "micro-finance", and micro-finance became the predecessor of Ant Financial. 20 14 10, Ant Financial was formally established.

Ant Financial Services has sub-businesses such as Alipay, Yu 'ebao, Zhaocaibao, Ant Wealth, Online Merchant Bank, Ant Flower Shop and Sesame Credit.

Extended data:

2065438+February 2008 1 day, Alibaba announced that it agreed to acquire 33% shares of Ant Financial.

2018,21,Ant Financial signed a strategic cooperation agreement with Yilianzhong. The two sides will launch Alipay mobile payment service nationwide, and * * * will jointly promote the optimization and promotion of payment experience in human society, medical care and other industries. This means that medical insurance payment can fully support mobile payment only by bringing a mobile phone for eating and shopping in the future.

2065438+On April 26th, 2008, Ant Financial, a subsidiary of Alibaba Group, invested US$ 65438+85 million in Telenor Microfinance Bank, a subsidiary of Norway Telecom, and will also develop mobile payment and microfinance business in Pakistan. ?

On May 20 1818, Bai Hua, the consumer credit product of Ant Financial, announced its opening to banks and other financial institutions.

On June 8th, 20 18, Ant Financial Services Group announced a new round of financing, with a total amount of1400 million USD.

On June 5, 20 18, Pacific Life on the first exhibition list officially signed a contract with Ant Financial Insurance Platform.

201810/9 Shanghai Stock Exchange has just accepted the Debon Bai Hua Credit Payment Asset Support Special Plan, with a planned issuance amount of 8 billion yuan. ?

20 18122 October, official website information of Shanghai Stock Exchange showed that the status of Admiralty Bai Hua 20 18 credit payment special asset support plan and Admiralty loan 20 18 consumer loan special asset support plan was updated to accepted, and the proposed issuance amount of both ABS issuance plans was 8 billion yuan.

20 18 1 1, Ant Financial officially launched TRaaS, a technical risk prevention and control platform, at the ATEC Science and Technology Conference. TRaaS is an immune system, which combines the whole distributed architecture of Ant Financial and the corresponding technical risk capabilities. It combines high availability and financial security functions with AIOps, making the system self-healing and immune.

References:

Alibaba Group-Baidu Encyclopedia

Reference: Ant Financial Services Group-Baidu Encyclopedia