Ant Financial – Different Breed of Unicorn

Posted by John Foley, NY Times

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dealbookThe $60 billion implied valuation of the Chinese financial technology group Ant Financial sounds like a case of disruption on steroids.

That price tag, implied by a funding round the company disclosed Tuesday, easily tops the $48 billion market capitalization of the United States payments giant PayPal. But look under a metaphorical microscope, and it’s clear that these are different species. The pumped-up Ant Financial rests on uniquely Chinese characteristics… CLICK HERE for the complete article