Ant Financial valued at US$45bn

News in brief

News in brief

Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.

Filed by This email address is being protected from spambots. You need JavaScript enabled to view it. nfcworld.com Published 3 July 2015, 14:04 • Last updated 3 July 2015, 14:04