Business this week

Ant Group filed papers for what could be the biggest-ever IPO, raising up to $30bn. Most famous for its Alipay service, the group is affiliated with Alibaba, China’s biggest online retailer, and its founder, Jack Ma. Much of China’s online payments are made on its platform. It is the world’s most valuable fintech enterprise. Ant’s dual stockmarket flotation, in Hong Kong and on Shanghai’s STAR exchange, could see it valued at upwards of $200bn. See article.