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Ant did not disclose the size of its planned listing nor the timing. But the Hangzhou-based company is targeting a valuation of more than 0 billion, according to sources quoted by Reuters.

Apart from running website and new media platforms, Chen and her team also publish Chinese literature every year in Esperanto like Fortress Besieged and The Yellow Storm.

Ant Financial and its partners, including environmental NGOs the SEE Foundation and China Green Foundation, have thus far planted 10.25 million trees, equivalent to a 1.22 million metric ton reduction in carbon dioxide emissions.

Another trend Renjen has noticed is how rapidly China is becoming a technology hub, evolving from its role as a manufacturing powerhouse, a transition which he believes will deliver outstanding opportunities.

Any entry by foreign card giants would, however, have only a minor impact in the short run, experts said.