Chinese Ant buy reported

A fifth of financial data provider Shangai Suntime Information Technology has been purchased by Alibaba affiliate Ant Financial for $35m.

The purchase was reported by Reuters, which cited "a source with direct knowledge of the deal".

Suntime provides financial data forecasting profits. Ant Financial Services Group is valued at around $60bn, offering wealth management products and insurance alongside its online payment service, Alipay. ®