Ant Financial, the payments affiliate of Alibaba, says it has doubled its daily active users in the year to the end of March.
Much of the growth came in the first quarter of this year, with numbers up 40 per cent on the previous quarter, according to Ant Financial.
Alibaba, which reports results today, has a profit-sharing agreement under which it takes 37.5 per cent of Ant’s pre-tax profits.
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