Ant Financial has expanded its footprints outside of China, through offering services or investing in local players, in countries like India, South Korea, Singapore, Thailand, Malaysia, the US, Japan, etc.
As Chinese users are used to subsidies, free trials, and coupons, having Alibaba, or its adequate capital behind its back, Hellobike is likely to take on the already fierce fight with top players in the field.
Plus, Thailand is to amend a tax law to include e-commerce in order to prevent foreign moguls from creating a monopoly in the country. The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
Plus, Ant Financial has asked its partners in consumer finance to adjust the annual rate below the cap of 24 percent. Tesla has completed the construction of the world’s biggest battery in South Australia.