Techbuzz China By Pandaily

In episode 74 of Tech Buzz China, co-hosts Rui Ma and Ying Lu talk in depth about Ant Group, Alibaba’s financial affiliate, ahead of its upcoming mega-IPO. Media reports that the company — which already holds the record for “largest-ever single private fundraise” for its $14 billion raise in 2018 — seeks to raise $30 billion. That figure would indeed make it the largest public offering the world has ever seen. We first covered Ant Group over two years ago in Episode 11, titled “After Alibaba, Team Jack Ma’s Newest Centacorn: Ant Financial.” At the time, Ant had said it planned to transition from the payments business, which accounted for over half of revenues, into a company that would rely mostly on “technical services” for revenue. Looking back, we can see that Ant has achieved that — and more. This year, its revenues total $20 billion with a 30% net margin, and it has several diversified, significant, and growing revenue streams. But can it sustain this growth? Listen to find out: What are the ma