Expansion mode: A logo of Ant Financial is displayed at an event of the company in Hong Kong, China. Controlled by billionaire Jack Ma, the Hangzhou-based firm will announce more ‘partnerships’ this year with a focus on Asia and is also ‘actively assessing’ other markets. — Reuters
SHANGHAI: Ant Financial, China’s largest provider of Internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.
Controlled by billionaire Jack Ma, the Hangzhou-based firm will announce more “partnerships” this year with a focus on Asia and is also “actively assessing” other markets, Douglas Feagin, the head of its international operations, said in a phone interview.
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