Monday, February 20, 2017

Ant Financial to invest US$200M into Kakao’s upcoming mobile payment subsidiary

The deal will help turn Kakao’s fintech services into a fully functional subsidiary company Jack Ma’s fintech company Ant Financial announced today it is investing US$200 million into the South Korean internet platform*Kakao to help it launch its mobile financial subsidiary (tentatively to be called Kakao Pay Corp.). The investment comes as part of a […]
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