Comment on Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. Ant Financial, which manages payments service Alipay and Alibaba’s digital banking business, will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division.

 

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