The Chinese technology and financial-services giant’s combined offering could be one of the largest in history

HONG KONGAnt Group Co., the Chinese technology and financial-services giant that owns popular mobile-payments network Alipay, said it is planning concurrent initial public offerings in Hong Kong and Shanghai as it seeks to accelerate its growth in China and abroad.
The Hangzhou-based company, which was founded by billionaire Jack Ma, said it is targeting a listing on the year-old STAR board for homegrown technology companies in China, in addition to a listing on Hong Kongs stock exchange.