November 27 - 13:11
Jack Ma's Ant Financial to build $1 billion investment fund
Tech startups in Southeast Asia, India and everywhere in between could soon benefit from a $1 billion fund. Ant Financial, the internet finance company founded by Jack Ma (pictured), plans to raise the money and boost its presence in mobile internet markets. Ant is keen to expand outside of China, where Tencent is dominant. It is also planning to seek a virtual banking license in Singapore.
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