) fintech arm and China’s dominant mobile payments company, plans to set up a consumer finance firm in the southwestern city of Chongqing, expanding its presence in the fast-growing domestic business, two sources told Reuters.
Ant, 33% owned by e-commerce giant Alibaba Group Holding, has already amassed a range of financial licensesincluding payments, online banking, insurance and micro lending to operate in China's vast financial market valued at trillions of dollars. The founders plan to invest a total of about 8 billion yuan in the firm as the registered capital and look to sign the agreement as early as on Friday, the sources added.Nanyang Commercial Bank and TransInfo did not immediately respond to requests for comment.
Ant Group is serving CCPChina BanChineseProducts BoycottChineseProducts
Victorians we need 500,000 of us on the steps at spring st on sept 13th 12 noon until 10pm The Daniel Andrews Government will be overthrown by the people, Victoria Police you are either with us or against us choose wisely!
China's Alipay is really powerful
interesting BTW phemex is a great exchange😉
good case
中共の？しんぱい
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Source: CNBC - 🏆 12. / 72 Read more »