Ant Financial has agreed to buy British payments group WorldFirst in a deal said to be worth about $700m, in the biggest push yet by Jack Ma's Chinese financial services group into western markets.Ant Financial said the move would allow the two companies "to reach a greater number of customers, especially in the fast-growing area of cross border ecommerce". (Ant Financial agrees to buy WorldFirst in $700m deal,Financial Times)
Comment:
The Ant Financial successfully acquired the British payment group WorldFirst, which became important initiatives for Chinese financial companies to enter the UK. Ant Financial's financial services with Pratt & Whitney will also help its brand to go global while promoting sustainable economic development.
(Editor Shao Jingjing)
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