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Jack Ma-Backed Ant Becomes $1 Trillion Payments Rival to Banks

On a big sales day, you’ll find Kelvin Li in a crowded office packed with screens. From here, his team monitors billions of dollars in real-time cash flow as Alibaba Group Holding Ltd.’s e-commerce platforms dispatch everything—whether robot cleaners, cherries or pianos—across the world. On one wall, an image of a thundercloud streaked with lightning bolts is overlaid with these words: “Strategy is forged on the battlefield.”The intense atmosphere isn’t only about making sure sales go well. Such...

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