“The company is the ultimate mashup between Stripe, PayPal, Apple Pay, Venmo, FICO, and any of the multiple fintech companies in the U.S.”

Earlier this summer, Marc Rubinstein wrote for Marker about how Alibaba founder Jack Ma’s Ant Group became the “fintech to beat all fintechs.” Now, the company can add another record under its belt: world’s largest-ever initial public offering to date. New filings on Monday reveal that the Chinese online payments behemoth is slated to raise $34.4 billion in Shanghai and Hong Kong on November 5, bypassing the U.S. stock exchange entirely and shattering the previous $26 billion IPO record held by Saudi Arabia’s oil giant Aramco from last December. Here’s how Ant changed the face of Chinese business and the way its consumers spend, borrow, and invest their money.

How Ant Group Became the Biggest Fintech Company in the World