Tagged: eric jing

Ant Financial Enters Into New Strategic Partnership With Telenor Group to Deliver Financial Services in Pakistan

Telenor Group announced on Tuesday it has reached a strategic partnership agreement with Ant Financial Services Group (Ant Financial) in Pakistan, where Ant Financial will invest $184.5 million for a 45% stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop… Read More

Standard Chartered Announces New MOU With Ant Financial

International banking group Standard Chartered Bank announced on Monday it has signed a Memorandum of Understanding (MOU) with digital financial service provider Ant Financial Services Group. The company reported that under the terms of the MOU it will combine its banking expertise and insights in emerging… Read More

Here is the Presentation that Explains How Ant Financial, Part of Alibaba, Will Dominate Finance

Alibaba has been a trailblazer in many ways. One area that Alibaba wants to dominate is finance for both consumers and SMEs and they are well on their way.  Ant Financial, their financial services subsidiary, is executing on this vision and last week Eric Jing,… Read More

Jack Ma’s Ant Financial Acquires US Based MoneyGram

China’s richest man, Jack Ma, has boosted his USA presence with the acquisition of MoneyGram (NASDAQ: MGI) – a Dallas-based money transfer service. Ant Financial Services Group, part of the fast-growing Alibaba Group and parent of AliPay, has entered into a definitive agreement to purchase MoneyGram at… Read More

Alibaba Partners with British Lenders as it Expands Financial Platform Reach

Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to US businesses seeking to purchase goods from China manufacturers. Now Alibaba has created a similar arrangement with… Read More

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