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China-based Ant Group to launch consumer finance company

News | E-invoicing, SCF & E-procurement | 18 Aug 2020

Ant Group, Alibaba’s fintech arm and mobile payments company, has planned to set up a consumer finance firm in the southwestern city of Chongqing, according to Reuters.

China, Ant Group, consumer finance, fintech, mobile payments, tech, Tencent, ByteDance, financial services, ecommerce, Alibaba Group Holding, financial licenses, payments , online banking, insurance, micro lending, Nanyang Commercial Bank, China TransInfo Technology, Contemporary Amperex Technology