Alibaba affiliate Ant Financial is in talks to buy WorldFirst, the UK-based international payments group, for about $700m. The deal, if completed, would mark Ant Financial's first big move into the UK market, although its Alipay service is already accepted in some retailers. (China's Ant Financial in talks to buy WorldFirst for $700m, by Financial Times)
Comment
The acquisition plan reveals Ant Financial's determination to go out, especially to enter the American and European markets. As an independent financial company, Ant Financial represents the innovation ability of Alibaba. The innovative ideas of Alibaba make it share a portion of world market while bringing more convenience for the public.
(Editor Shao Jingjing)
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