Is Alipay part of Ant Financial?

Could you elaborate on the relationship between Alipay and Ant Financial? I've heard both names mentioned in the same breath, but I'm not entirely clear on whether Alipay is a subsidiary or a component of Ant Financial. Understanding this connection could help clarify the broader financial ecosystem in China. Is Alipay a key component of Ant Financial's services, or are they separate entities with overlapping interests? Clarifying this relationship could provide valuable insights into the workings of these major financial players.