The Alibaba affiliate Ant Financial has officially launched its Internet bank, MYbank. Reuters reported yesterday (June 25) that the online bank that’s aimed at assisting SMEs in China has kicked off business with roughly 4 billion yuan ($644 million) of capital to help shell out...
October 19, 2016
Ant Financial — the Alibaba affiliate firm that runs the Alipay platform — is “closer to an initial public offering” but as of yet has not set a timetable for the event. A person close to the situation had previously estimated 2017 as the date the trigger would officially be pulled. The same source also noted that despite […]
June 26, 2015
The Alibaba affiliate Ant Financial has officially launched its Internet bank, MYbank. Reuters reported yesterday (June 25) that the online bank that’s aimed at assisting SMEs in China has kicked...
