ant-financial-services-640

Ant Financial: The New Big-tech Company in the Sandbox

Earlier this month, reports indicated that Ant Financial was seeking a new funding round of $3.5 billion or higher as it prepares to go public. On Wednesday, the company got what it wanted: Ant has scored $4.5 billion, the largest private funding round for an Internet company ever. It also makes Alibaba CEO Jack Ma the richest man in Asia. Alipay is China’s largest digital payments platform. It launched in 2004 and has ballooned to more than 400 million users, who turn to Alipay for 100 million transactions per day. Ant Financial also owns Yu’ebao, China’s largest money-market fund, which has more than 200 million customers. Read more

Comments

comments

Winnie Okello

About Winnie Okello

I Graduated from Bucknell University with a BS in Civil Engineering. I Currently work in the Transportation Sector where I oversee A Strategic Recycling Program responsible for promoting, and facilitating the use of recycled materials in civil engineering applications. I also facilitate stormwater management and regulatory compliance assurance within the transportation sector. Areas of Specialties: Civil -(Roadway & structural analysis) & Environmental Engineering, Water Resources, Environmental/ Regulatory compliance, Materials Recycling, research, and implementation.