Alibaba Finance Arm Starts Top 100 Index Tapping E-Commerce Data

Alibaba Group Holding Ltd.’s financial arm started an index of 100 mainland China stocks selected on the basis of sales and transaction data gathered and analyzed through the company’s e-commerce network.

CSI Taojin Big Data 100 Index weighs industries according to the growth in online transactions, price levels and the supply-demand situation in China, Zhejiang Ant Small & Micro Financial Services Group Co. said today in a statement. Bosera Asset Management Co., China Securities Index Co. and Shanghai Gildata Service Inc. are working with Alibaba on the gauge.

Alibaba’s index uses its vast e-commerce data to draw investor interest in Ant Financial, which operates both a money-market fund with 579 billion yuan ($93 billion) of assets and the company’s Alipay online payment system. The index can change monthly, shedding companies whose sales and transaction data show underperformance and adding those that are doing better.

“CSI Taojin 100 will set an example to show how organized big data analyses will allow market participants to make effective asset management decisions,” Leiming Yuan, general manager at Ant’s finance department, said in the statement.

Historical data on the CSI Taojin Big Data 100 Index is available back to Dec. 31, 2009.

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