Alibaba's Ant arm launches China's first e-commerce based stock index

April 9, 2015 1:54 AM

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BEIJING/SHANGHAI, April 9 (Reuters) - Alibaba Group Holding's finance arm launched on Thursday an index that tracks e-commerce activities to gauge firms' performance, marrying the China internet shopping giant's data troves with its financial services aspirations.

The CSI Taojin Big Data 100 Index, the first in China to tap e-commerce data, is composed of 100 stocks in sectors such as household durables, textiles and apparel, food and hospitality, said Ant Financial Services Group in a statement.

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