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February 21, 2017 04:19 am GMT
Alibaba affiliate Ant Financial ismaking yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service.Ant Financial,which manages payments service Alipay and Alibaba’s digital banking business,will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IzRCXThsNGg/
Alibabas Ant Financial expands to Korea with $200M investment in Kakao Pay
Alibaba affiliate Ant Financial ismaking yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service.Ant Financial,which manages payments service Alipay and Alibaba’s digital banking business,will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/IzRCXThsNGg/
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