Ant is embarking on a global expansion drive as it appears to be nearing the end of its “rectification campaign” following the overhaul of its business to satisfy regulators. The company made an unexpected bid for Credit Suisse’s Chinese securities unit in February and is working to rapidly expand its international payments business in search of growth in the post-Ma era.
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Chinese fintech Ant Group targets global growth after Jack Ma’s exit
“Going forward, these internet financial services platforms [including Ant] will be a supplementary part to the overall banking and financial services industry.”
