China’s $150 billion fintech giant
Zack Rosebrugh for Quartz
Ant springs from e-commerce giant Alibaba—but the fintech firm has become its own important story. It has gone from a clunky, fax-enabled payment service to a futuristic app, known as Alipay, that can handle more than three times as many transactions per second as Visa. Along with a constellation of affiliates, Ant reaches more than 1 billion users around the world.