Alibaba croup has potentially increased the future payout from its financial services affiliate just weeks before its New York IPO is expected to be launched. The e-commerce giant disclosed in an amended prospectus on Tuesday that it was restructuring its relationship with its financial services business, including the percentage of income it can derive from payment unit Alipay. The move will allow Alibaba to focus its corporate efforts on e-commerce and not on banking and financing, something that should be alluring to potential investors ahead of its IPO of as much as US$20bn, expected to hit the US market in September.
展开▼
