Season 3, Episode 5: Alibaba
Acquired
00:00
Alli Pay Becomes Ant Financial Entity
Alli pay becomes ant financial. So they start talking about passing new regulation that all financial entities have to be owned a hundred % by chinese nationals, both entities n persons. Jack transfers ali pay outside of Ali baba group into a new entity that he and joe and other others control. And they transfer it for a value of 51 million dollars by any measure,. probably not a accurate reflection of the true value of holly pay which is now the biggest bank in China.
Transcript
Play full episode
