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Latest Articles in Ant Financial

Ant Financial Enters Restaurant Business with Zomato Shares

Zomato is raising $150 million from Alibaba’s Ant Financial. In addition Ant Financial is buying another 6.66 percent stake of Zomato for $50 million.

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UN Says Social Network Payments Now Nearly $3 Trillion in China

Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, a 20x growth in 4 years. Alibaba group investments has helped Paytm go from 5 million to around 200 million users in last few years.

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Paytm To Invest 600Cr To Expand QR Code Based Payment Network

Plans are to onboard a million small and medium merchants in over 400 districts every month and have 10 million merchants by end of the year.

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Alibaba Affiliate Ant Financial Raises Record Breaking $4.5B Funding Round At Around $60B Valuation

Ant Financial is not the only payments company raising large amount of funding. The finance unit of rival - JD Finance - raised $1.02 billion funding round in January, valuing it at $7.2 billion. Another Chinese company, Meituan-Dianping, an online seller of movie tickets and restaurant bookings, has also secured $3.3 billion in January.

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