Shuli Ren and Anjani Trivedi

Jack Ma’s Ant is More MasterCard than PayPal

Valuing billionaire Jack Ma’s Ant Group, which filed its prospectus for a mega initial public offering Tuesday, will be more art than science. It looks like a financial-services company but sells itself as a technology firm. Is it a MasterCard or a PayPal? On a number of counts, Ant is more like…