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.