It handled more payments last year than Mastercard, controls the world’s largest money-market fund and has made loans to tens of millions of people. Its online payments platform completed more than $8 trillion of transactions last year—the equivalent of more than twice Germany’s gross domestic product.

Sourcehttps://www.wsj.com/articles/jack-mas-giant-financial-startup-is-shaking-the-chinese-banking-system-1532885367

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