Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

TechCrunch
By Jon RussellFeb 20, 2017, 11:19 pm113 pts
Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. Ant Financial, which manages payments service Alipay and Alibaba’s digital banking…

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