SHANGHAI, Sept. 18 (Xinhua) -- Ant Group, the parent company of China's leading mobile-payment business Alipay, received approval on Friday from the Shanghai Stock Exchange for its initial public offering (IPO).
The financial technology powerhouse announced on July 20 that it would commence the process of concurrent IPOs on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, and the Stock Exchange of Hong Kong Limited.
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