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Alibaba Launches E-commerce Stock Tracking Index

April 9, 2015: 12:00 AM EST
Alibaba Group Holding Ltd and its Ant Financial Services Group launched the CSI Taojin Big Data 100 Index, an e-commerce stock tracking index. Part of the company's efforts to become a full-fledged Internet financial services operator. Also, the company plans to launch MYbank online bank in June 2015, following the launch of rival Tencent Holdings Ltd's Internet bank WeBank in January 2015.
Paul Carsten et al, "UPDATE 1-Alibaba steps up China online finance network push with new index, bank", Reuters, April 09, 2015, © Thomson Reuters
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