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Billionaire Jack Ma’s Ant Financial has done more than perhaps any company to disrupt China’s gargantuan banking and asset-management industries. Now it’s trying to re-imagine health insurance.
HONG KONG: Billionaire Jack Ma’s Ant Financial is lifting its fundraising target to more than US$12bil by bringing in existing Chinese shareholders in a yuan-denominated financing round, people familiar with the matter said.
BEIJING: Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, is close to sealing a deal to buy US money-transfer service MoneyGram International Inc, the Wall Street Journal reported citing people familiar with the matter.