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    News in brief

    Alipay parent company seeks expansion overseas

    News in brief

    Alipay parent company Ant Financial is seeking to buy a 20% stake in Thai online payment provider Ascend Money and to increase its stake to 30% at a later date. “Ascend’s subsidiaries include True Money, an online payment service provider, and Ascend Nano, a licensed financial services provider,” Reuters reports. “Ant Financial, whose Alipay payment platform dominates the online payments industry in China, is looking to expand its presence overseas.”

    Filed by Email Rian Boden Published • Last updated 20 June 2016, 13:54

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