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: 榆中县| 苍山县| 白银市| 东丽区| 仙游县| 云南省| 合作市| 镇远县| 龙南县| 卢龙县| 阳山县| 灵璧县| 个旧市| 辽中县| 临沂市| 桂林市| 时尚| 平遥县| 宜兴市| 尉氏县| 苍梧县| 嘉善县| 安乡县| 平舆县| 绍兴市| 江孜县| 墨竹工卡县| 杭锦旗| 嘉荫县| 肃南| 张家川| 安溪县| 巴彦县| 吉木乃县| 大埔区| 儋州市| 鄂尔多斯市| 屏南县| 武功县| 宽甸| 光泽县|