Ant Financial is investing one billion dollars in Asian fintech startups

Alipay's parent company Ant Financial, owned by billionaire Jack Ma, the founder of Alibaba, is planning to raise $1 billion for an investment fund dedicated to startups based in India and Southeast Asia. This new investment vehicle will target...

Ant Financial is investing one billion dollars in Asian fintech startups
Alipay's parent company Ant Financial, owned by billionaire Jack Ma, the founder of Alibaba, is planning to raise $1 billion for an investment fund dedicated to startups based in India and Southeast Asia. This new investment vehicle will target startups specializing in online payments and financial services, and help them strengthen their position in the fast-growing mobile internet markets.