Chinese fintech Ant faces challenge in reviving global expansion


Source: irishtimes.com irishtimes.com

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Group – whose controlling shareholder is Alibaba’s Jack Ma – has struggled to realise its global ambitions 56 minutes ago Jack Ma, founder of Alibaba Group and controlling shareholder of Chinese fintech Ant Group. Photograph: China Outstr/AFP/Getty Images Nearly four years ago Ant Group’s then chief executive Eric Jing made going global a core mission, taking to a Davos stage to lay out a vision of building a worldwide customer base of two billion people within a decade. Since then the fintech arm – whose controlling shareholder is Jack Ma , founder of Chinese internet giant Alibaba – has struggled...