Friday, April 10, 2015

Alibaba Group Finance Arm Launches e-Commerce Based Stock Index

 alibaba group


Latest Alibaba news is about the company and its financial arm launching the stock index. Both the companies, Alibaba and Ant are ambitious to enhance their financial services in China. This has been inclined towards the large businesses owned by state and also the ones that are relatively smaller and neglected.
In order to officially launch the complete finance platform on internet in China, this index has appeared to be one of the major steps. According to Ant, this step is a future step towards providing services such as that of loans & credit, banking, payment systems, investment and insurance. These services are expected to bring the new layers of a society residing in China.
Alibaba is known to be the biggest game changer and innovator when it comes to e-commerce in China. Alipay, another feature introduced by the e-commerce giant has been operated by Ant which is considered to be the financial arm for the company. Ant is also recognized as the dominant platform for online payment in China. Analysts have stated that this has given provision to the company to have access to country’s best consumer data and finance of small businesses.
Alibaba news reports that the Ant launched an index on Thursday which is able to track the activities related to e-commerce in order to measure the performance of the firm, this is an incorporation of data belonging to e-commerce giant of China in the with aspiration of it in financial services.
The index naming CSI Taojin Big Data 100 Index consists of 100 stocks; this is first of its kind in China to trace the e-commerce data. The sectors it has stocks in are textiles apparel, household durables, hospitality and etc. This has been reported by Ant Financial Services Group in a statement providing the details.
The statement said that the index, "weigh industries according to the growth in online transactions, price levels and the supply-demand situation in China", said Ant. It "relies on timely quantitative online payment and transaction data rather than quarterly earnings to provide investors accurate and up-to-date information."
Alibaba and Ant both companies are planning to look for ways in which the data can be monetized and that is far different from what Yu’e Bao and Alipay are doing at the moment. Yu’e Bao is a product related to wealth management created for people have become the biggest funds since the launch of it in 2013.
The analysts think that this is a very sensible move made by Alibaba since they have been the pioneer in market fund and also saw a huge success.

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