Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.
Apple charges a commission of between 15%-30% for apps that use its in-app payment system and sets out extensive rules for apps in its App Store, which is the only way Apple allows consumers to download native apps to devices such as the iPhone.
The board, created by Facebook in response to criticism of its handling of problematic content, will initially have the power to review decisions to take down posts from Facebook and Instagram, and recommend policy changes.