Skip to content
Subscriber Only

Alibaba's Ant Financial Joins Warren Buffett in Hot Brazil Fintech IPO

Ant Financial Services Group's Alipay Campaign Event
Photographer: Shiho Fukada/Bloomberg

Ant Financial, Alibaba’s finance affiliate controlled by billionaire Jack Ma, agreed to buy a stake in the Brazilian payments firm StoneCo Ltd after the company prices its initial public offering, joining Warren Buffett in investing in Brazil’s booming financial-technology startup landscape.