Financing arms will be absent from Alibaba float

The good news for prospective investors in Alibaba's initial public offering is that the firm owns two high-growth financing arms that look set to disrupt mainland banking. The bad news is that neither business will be included in the Hong Kong float, set for the fourth quarter.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1282650/financing-arms-will-be-absent-alibaba-float