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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

Ant's Alipay online payment service is China's most popular. Analysts say this gives Alibaba and Ant what is possibly the country's best data on consumers and small businesses' finances.


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...

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