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China’s Ant Group partners with Malaysian investment bank Kenanga to launch ‘SuperApp’

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The wealth management ‘SuperApp’ features crypto trading, stock trading, digital investment management and foreign currency exchange.

the development of Alipay, which is now China’s largest digital payment platforms. The investment bank will leverage Ant Group’s mobile development platform, mPaaS, for the app, according to the release.

“With almost 50 years of retail experience serving over half a million customers, we believe the Kenanga Wealth SuperApp will leapfrog our growth to the next level,” Datuk Chay said.started its digital journey five years ago, per the release. It also recently partnered with Tokyo-based e-commerce company Rakuten to launch Rakuten Trade, a fast-growing stock trading app.that has amassed over $55 million in assets under management in six months, per the release.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Kari McMahon is a deals reporter at The Block covering startup fundraises, M&A, FinTech and the VC industry. Prior to joining The Block, Kari covered investing and crypto at Insider and worked as a python software developer for several years.

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