Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

daum kakao Alibaba affiliate Ant Financial is making 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

oneclick

This entry has 0 replies

Comments are closed.