China's Ant Financial invests $200m in Kakao payment unit
Ant Financial, the financial services affiliate of China’s Alibaba Group, has agreed invest $200 million in a dedicated mobile finance platform that will soon be launched by South Korean internet giant Kakao Corp.
The investment is part of a larger strategic partnership that will see Ant Financial’s range of digital financial services – in addition to the Alipay mobile payment platform, the company provides...
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