According to the largest Fintech company, Ant Group starts IPO...

According to the largest Fintech company, Ant Group starts IPO yesterday and could raise $48 billion AUD in a record share offering, Ant Group's digital financial technology business is mainly composed of micro-loan technology, financial technology, and insurance technology. This is what Zip pay focusing on and very similar to Ant Group! The revenue of these three sectors in the first half of 2020 will be 28.586 billion yuan, 11.283 billion yuan and 6.104 billion yuanrespectively. It is worth mentioning that Ant Group’s microfinance technology business has the strongest ability to attract funds. Ant Group’s micro-lending business includes Ant Huabei, Ant Borrowing, and Wang Shanghai. In 2019, the micro-lending business contributed 34.7% of Ant’s total revenue. In the first half of 2020, the micro-lending business revenue accounted for the total Ant Group’s total revenue. 39.43% of revenue. In terms of profit, the four affiliated companies behind Huabei, Bibai, and Wangshangdai, Antshangcheng Xiaodai, Ant Xiaoxiaoxiaodai, and Ant Zhixin, achieved a net profit of 8.364 billion yuan in the first half of this year, which has exceeded that of last year. Accounted for 38% of Ant Group's net profit. Ant Group's Huabei is like Zip Pay which can cover a small number of daily transactions and give people a flexible time period to pay back to Zip. Jiebei is another service from Ant Group, it allows people to borrow a large amount of money from Ant Group to use for their big purchase or small business. Zip money is exactly doing what Jiebei is offering to the customers. Finally, look at today's Ant Group SP and its future, why you guys still sell your Z1P, it is the real money in the future. HOLD IT TIGHTLY! DO NOT WASTE YOUR MONEY!!