Pass The Ant Gold Suit And Propose A $1 Billion Fund To Invest In Southeast Asia And India.

On November 27th, according to foreign media reports, a person familiar with the matter said that the ant gold service plan set up a $1 billion investment fund through financing to invest in mobile payment and Internet Financial start-ups in Southeast Asia and India, and to help ants to consolidate their position in the fast-growing mobile Internet market.

The report also pointed out that Ji Jin, vice president of ant gold clothing, said at a conference in Beijing that ant gold suit is currently raising a new fund, but he did not disclose the specific amount and potential targets. Ant Kim refused to comment in an e-mail statement.

As China's first Internet financial services operator, ant Jin clothing is actively developing the international market. According to relevant media, shortly before, there had been news that the ant Kim suit was considering the application of virtual banking license in new Canada, and plans to incorporate the relevant financial license business into the newly established subsidiary.

At that time, the ants responded that they were actively considering this opportunity. "We welcome and support the efforts made by the HKMA in promoting financial services innovation. We are actively considering this opportunity. "

In addition, related media noted that ant Jin suit recently joined Softbank in the new round of financing of India digital payment giant Paytm parent One97 Communications, with an amount of up to US $1 billion. In September 2015, Ali group and ant gold clothing announced that they would inject $680 million into Paytm. This led to a total of 40% of the total holdings of Ali and ants in Paytm.

Data show that ant gold clothing has invested in 160 companies in the past 5 years. As of June this year, ant gold clothing and its local electronic wallet partners have around 1 billion 200 million users worldwide.