{"id":53034,"date":"2016-06-14T08:57:13","date_gmt":"2016-06-14T12:57:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53034"},"modified":"2016-06-14T08:57:13","modified_gmt":"2016-06-14T12:57:13","slug":"alibabas-ant-financial-expands-into-hedge-fund-industry","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2016\/alibabas-ant-financial-expands-into-hedge-fund-industry.html","title":{"rendered":"Alibaba&#8217;s Ant Financial Expands into Hedge Fund Industry"},"content":{"rendered":"<p>(Zacks) Chinese e-commerce juggernaut Alibaba Group Holding Limited\u2019s BABA affiliate Ant Financial has reportedly invested in Shanghai Suntime Information Technology Co., a financial data provider. Though there hasn\u2019t been any official announcement, media reports indicate that the deal is worth about $35 million and covers a 20% stake in Shanghai Suntime.<\/p>\n<p>If the news is true, Ant Financial is now the second largest shareholder in Shanghai Suntime, after the data provider\u2019s Chairman Liao Bing. The new move could add a wide gamut of financial products to Alibaba\u2019s portfolio, helping it to fetch more revenues. It will also push the company to expand beyond e-commerce.<\/p>\n<p>Alibaba has been aggressively expanding into media and data businesses. Through Ant Financial, the company controls Yu\u2019E Bao, China\u2019s largest money market fund. <\/p>\n<p><a href=\"http:\/\/finance.yahoo.com\/news\/alibabas-ant-financial-expands-hedge-152703471.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Zacks) Chinese e-commerce juggernaut Alibaba Group Holding Limited\u2019s BABA affiliate Ant Financial has reportedly invested in Shanghai Suntime Information Technology Co., a financial data provider. Though there hasn\u2019t been any official announcement, media reports indicate that the deal is worth [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53034","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53034"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53034\/revisions"}],"predecessor-version":[{"id":53035,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53034\/revisions\/53035"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}