“Ant’s core product is Alipay, the most popular digital payments app in China. It boasts a more than 50% share of China’s massive mobile payments market, the largest in the world. Experts don’t see the mobile payment revolution slowing any time soon, and Alipay is the global king in mobile payments. It also sells tech services to other Chinese financial and e-commerce businesses.” What you need to know about unicorn Ant Financial, potentially the largest IPO in history. (And the IPO that could make Jack Ma the most successful tech entrepreneur of an era.)

+ Mike Isaac and Andrew Ross Sorkin in the NYT: How TikTok’s Talks With Microsoft Turned Into a Soap Opera.