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News

Ant Financial plans to buy 20 percent in Ascend Money

Tuesday 21 June 2016 14:20 CET | News

Ant Financial, Alibaba’s financial services affiliate, is planning to buy a 20% stake in Ascend Money, an online payment provider based in Thailand.

Alipay, part of Alibaba’s Ant Financial, is also planning to increase its stake in Ascend to 30%, dealstreetasia.com reports. Ant Financial has also bought 20% of financial data provider Shanghai Suntime Information Technology for USD 35 million.


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Keywords: Ant Financial, Ascend Money, ecommerce, online payments, China, Thailand
Categories: Payments & Commerce
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Countries: World
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