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April 20, 2017 05:35 am GMT
Another day, another deal to widen the reach of Ant Financial, the fintech-focused Alibaba affiliate. This week, Ant Financial announced that it is picking up HelloPay, the payments firm attached to Lazada, which Alibaba bought a major share in for $1 billion last year. HelloPay was founded inNovember 2014 by Lazada to develop payment services for its e-commerce business. The deal is an… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Cmd7TAlr4is/
Alibabas Ant Financial takes control of HelloPay to extend its reach in Southeast Asia
Another day, another deal to widen the reach of Ant Financial, the fintech-focused Alibaba affiliate. This week, Ant Financial announced that it is picking up HelloPay, the payments firm attached to Lazada, which Alibaba bought a major share in for $1 billion last year. HelloPay was founded inNovember 2014 by Lazada to develop payment services for its e-commerce business. The deal is an… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Cmd7TAlr4is/
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