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Ant Financial eyes more deals in global expansion

Ant Financial is seeking to raise less than $3 billion by issuing debt to fund its acquisitions

Bloomberg 

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 on Thursday.   Since 2004, Ant ...

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First Published: Fri, May 19 2017. 01:05 IST
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