KrASIA Daily: Thai E-commerce Market to Become New Battleground for Chinese Tech Giants
Plus, Ant Financial is reportedly seeking a dual listing in Hong Kong and mainland China. Ola in talks to invest in scooter rental startup Vogo Automotive.
KrASIA Daily: Warburg Pincus in Talks to Invest in Ant Financial’s $8 Billion Round
Plus, Walmart may buy a majority stake in Flipkart by the end of June. SGX would list Indian equity derivative products in June.
Innoven Capital and BAI Invest Hundreds of Millions of Yuan C Round Financing in Rural Credit Company NongFenQi
NongFenQi’s approach is to cut into the agricultural production links using financial tools, followed by gradual expansion to the whole industry chain.
What is Beyond a Unicorn? Ant Financial
Singapore's Temasek Holdings is reportedly seeking to lead the round.
KrASIA Daily: Alibaba just Gave Birth to the World’s Biggest Unicorn
Plus, Ola in talks to buy Freshmenu. Grab Philippines will keep running the Uber app until April 15.
Management Reshuffle at Ant Financial: Eric Jing Takes Office as Executive Chairman, While Lucy Peng Doubles Down on Lazada Business
Alibaba has invested a total $4 billion in Lazada.
Chinese Mobile Payment Sector Keeps Growing Momentum
The fourth quarter, thanks to Alibaba’s Singles’ Day sale, is usually a strong quarter for Alibaba and its financial affiliate Ant Financial.
China’s Largest Credit Card Service Startup 51 Credit Card Filed to List in HK
China has 587.5 active credit cards as of December 31, 2017
Walmart Sides with Tencent; Stops Accepting Alipay in Southwest China Stores
Tencent and Walmart are all major shareholders in JD.com.