Alibaba, finance arm launch e-commerce tracking index
It further steps up finance network with an online bank, called MYbank, that's set to launch in June
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Shanghai
ALIBABA Group Holding Ltd and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an Internet bank.
Ant Financial Services Group's CSI Taojin Big Data 100 Index is the first of its kind in the mainland, tracking e-commerce activities to gauge firms' performance, and marrying the China Internet shopping giant's data troves with its financial services aspirations.
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