China's Ant Financial raises $14bn to become biggest fintech firm
https://phys.org/news/2018-06-china-ant-financial-14bn-biggest.html
Ant said in a statement that the funds will be invested in new technologies and to accelerate Alipay's expansion abroad and into new sectors.
Alipay and Tencent's WeChat Pay are China's online-payments leaders, profiting handsomely as consumers throw themselves into e-commerce, ordering goods and services via mobile apps and online.
China's Ant Financial raises $14bn to become biggest fintech firm
Jun 8, 2018, 8:28am UTC
https://phys.org/news/2018-06-china-ant-financial-14bn-biggest.html
> Ant said in a statement that the funds will be invested in new technologies and to accelerate Alipay's expansion abroad and into new sectors.
> Alipay and Tencent's WeChat Pay are China's online-payments leaders, profiting handsomely as consumers throw themselves into e-commerce, ordering goods and services via mobile apps and online.