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Ant Financial Services Group Womens Jerry Rice Jersey , Alibaba Group Holding's finance affiliate, plans to adopt a partnership structure in an attempt to enable top management to maintain control of its board after an IPO, Bloomberg reported on Tuesday.


Unnamed sources familiar with the matter were quoted by the report as saying that Ant Financial's partners will nominate a majority of directors similar to how its parent company Alibaba did before it got listed on the New York bourse in 2014.


Among Alibaba's current 30 partners, seven of them have executive posts at Ant Financial, according to Bloomberg.


A PR representative with Ant Financial refused to comment on this when contacted by the Global Times late Tuesday, instead said that they have no specific plan for an IPO yet.


Ant Financial, which operates China's biggest third-party online payment tool Alipay Womens Joe Montana Jersey , was valued at over $56.5 billion by Bloomberg analysts' estimates.


According to a report released by Beijing-based market research consultancy iResearch on March 5, Alipay led China's online payment market by transaction in 2014, with a 49.6 percent share. The report also revealed that the transaction volumes of China's online payments reached over 8 trillion yuan ($1.28 trillion) in 2014, up 50.3 percent year-on-year.


Chinese Internet finance, including online payment, is a promising market, but has raised consumers' concern over its safety due to a lack of sufficient regulations Mitch Wishnowsky Jersey , said analysts.


Pan Gongsheng, deputy governor of People's Bank of China, the central bank, said during the annual sessions of the national legislative and consultative bodies that regulations and rules for Internet finance are expected to come out in the first half of this year.


Also, on the weekend, Jack Ma Yun, founder of Alibaba Jalen Hurd Jersey , gave a glimpse of the future when he demonstrated a new e-payment system using facial recognition at the CeBIT IT fair in Germany.


Criss-crossing the stage in the style of a Silicon Valley pioneer late Sunday, Ma showed off the technology that uses facial recognition from a smartphone camera selfie as a digital signature, saying he had just used it to send a gift to the mayor of the event's host city of Hanover.


Ma, a former English teacher, is known for thinking big, and at the CeBIT, which kicked off on Sunday Deebo Samuel Jersey , he was the keynote speaker, addressing an audience that included German Chancellor Angela Merkel.


Like many other companies from the event's official partner country China, Alibaba - flush with cash from a massive stock listing - is looking beyond the borders of its huge domestic market.


Ma enthused that, while the industrial revolution freed workers from hard labor, the digital ""revolution... liberates the strength of the human brain.""


""It's not the technology that can change the world, it's the dreams behind the technology that change the world,"" the 50-year-old told the audience Nick Bosa Jersey , noting that his dream was to help small enterprises sell on a global market.


Some observers think Alibaba could one day rival the US online giants eBay and Amazon, or just buy them.


""Many people think that's a road that they may pursue, since it would be so expensive to build their own brand (in the US),"" said Zia Daniell Wigder, vice-president of Forrester Research.


""Simply making a name for yourself in a market where the leaders have been established for a long time is going to be difficult,"" he said.


The Chinese giant has already launched an online auction site in the US, called 11main Solomon Thomas Jersey , challenged Amazon in the field of cloud computing with a service called Aliyun, and invested $200 million (188 million euros) in Snapchat, a photo-sharing application.


In September 2014, the Hangzhou-based group raised $25 billion on the New York stock market, although the share price has since fallen below the listing price.

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