https://www.cnbc.com/2018/06/08/jack-mas-ant-financial-will-use-some-of-the-14-billion-it-just-raised-to-boost-blockchain-development.html > Ant Financial, a subsidiary of Jack Ma's e-commerce giant Alibaba, is using some of the $14 billion treasure chest it just raised to invest in blockchain. > Ant Financial owns and operates China's largest online and mobile payments network Alipay. The company was carved out from Alibaba Group seven years ago, and is now worth a reported $150 billion after closing one of the biggest capital raises on record.