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Alibaba gains new admirers with its Singles' Day asset-backed securities

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Ant Check Later portal allows consumers to pay for purchases made on e-commerce platforms under the Alibaba Group one month after orders are delivered. Consumers can also choose to pay in instalments.

Hong Kong

ALIBABA Group Holding has now been ramping up its Singles' Day online shopping frenzy for eight years, but, this time, it has added a new ingredient to the celebrity-studded extravaganza: securitisation.

Last week, a unit of Alibaba-backed Ant Financial sold four billion