Jack Ma’s Ant Financial, which runs China’s top mobile wallet app, today announced it has invested in a major fintech company in Thailand. It’s the first ever investment in Thailand by the Chinese firm, which is a spin-off from online shopping titan Alibaba. Ant Financial now has a stake in Ascend Money, which along with Thailand operates in Indonesia, the Philippines, Vietnam, Myanmar, and Cambodia. The financial details are not disclosed. Read more: fintechranking.com
