Ant International completes approximately $1.2 billion Series A funding round, with Ant Group, Alibaba, and others participating

PANews July 21 report: According to The Paper, Ant International has announced that it has completed its Series A funding round. Ant Group and some existing shareholders, including Alibaba, as well as multiple well-known international investment institutions, participated in this round. It is reported that the amount raised is approximately $1.2 billion. The funds will be used to expand global operations, accelerate investments in cutting-edge technologies such as AI, broaden inclusive fintech services such as cross-border payments and global accounts, and help merchants worldwide achieve growth.

On March 19, 2024, Jing Xiandong announced that Ant International, OceanBase, and Ant Digital Technology under Ant Group established their respective boards of directors, operating independently and facing the market. Currently, Jing Xiandong is chairman of Ant International. Ant International’s business covers major markets including Asia, Europe, the Middle East, and Latin America. It connects more than 150 million global merchant accounts and more than 2 billion consumer accounts, and has innovation, settlement, and operations centers in places such as Shanghai, Hong Kong, Singapore, and Malaysia. At present, Ant International has four major business segments: Alipay+, Antom, WorldFirst (Wanlihui), and Bettr. They focus on improving global payment interconnectivity and interoperability, developing AI and other technology-driven merchant payment, treasury management, and fintech solutions, and building a broad cooperation network with financial institutions, technology companies, and merchants both inside and outside China.