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
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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