国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Alibaba group to buy 33 percent stake in Ant Financial

Source: Xinhua| 2018-02-01 22:39:25|Editor: pengying
Video PlayerClose

HANGZHOU, Feb. 1 (Xinhua) -- China's e-commerce giant Alibaba announced Thursday that it will acquire a 33 percent equity interest in Ant Financial, which provides mobile payments, lending and credit services.

The companies will terminate the current profit-sharing arrangement under which Ant Financial pays royalty and technology service fees in an amount equal to 37.5 percent of its pre-tax profits to Alibaba, according to the press release.

Alibaba will acquire newly-issued equity from Ant Financial in exchange for certain intellectual property rights owned by Alibaba exclusively related to Ant Financial.

"An equity stake in Ant Financial enables Alibaba and our shareholders to participate in the future growth of the financial technology sector, as well as the benefits of user growth and improved customer experience," said Daniel Zhang, Chief Executive Officer of Alibaba Group.

Alibaba will acquire the equity interest in Ant Financial through a Chinese domestic subsidiary.

Ant Financial Services Group is focused on serving small and micro enterprises, as well as individuals. Brands under Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369427841
主站蜘蛛池模板: 西峡县| 公安县| 三亚市| 郁南县| 兰溪市| 黔江区| 聂拉木县| 康马县| 汶川县| 青田县| 民和| 滨海县| 阿克苏市| 郑州市| 永修县| 航空| 抚顺市| 宜昌市| 株洲县| 盐津县| 张家口市| 林口县| 密山市| 泉州市| 连州市| 若尔盖县| 拉孜县| 天津市| 伽师县| 汉沽区| 潜江市| 贺州市| 台山市| 通河县| 新源县| 壤塘县| 乌拉特后旗| 卓资县| 楚雄市| 阿拉尔市| 万全县|