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One of Ant Financial's major competitors, Tencent, revealed in May this year they had accumulated a recent significant stake into Australian split payments business, Afterpay.

One of Ant Financial's major competitors, Tencent, revealed in May this year they had accumulated a recent significant stake into Australian split payments business, Afterpay.

Is this partnership a major threat to Ant's market share? What are other innovative models/businesses that pose threats to Ant's business both domestically and internationally?

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