https://www.applicoinc.com/blog/ant-financial-services-platform-largest-fintech-in-world/ https://www.applicoinc.com/blog/ant-financial-services-platf... Says

https://www.applicoinc.com/blog/ant-financial-services-platform-largest-fintech-in-world/ https://www.applicoinc.com/blog/ant-financial-services-platf... Says they have a $250bn mutual fund. Sorry but even if it's a liability (in this case the deposit that ends up in the money market fund) that's technically...on balance sheet. You can pretend it's in a WMP, or a NCD or whatever alphabet soup you want, but if someone thinks of it as an "Ant deposit"...that's on balance sheet.