TechFlow news, July 21, according to The Paper, Ant International announced the completion of its Series A funding round. Ant Group, along with some existing shareholders including Alibaba, and multiple well-known international investment institutions participated in this funding round. Reportedly, the funding amount is approximately $1.2 billion, which will be used to expand global business, accelerate investment in frontier technologies such as AI, broaden inclusive financial technology services such as cross-border payments and global accounts, and help global merchants achieve growth.
On March 19, 2024, Jing Xiandong issued a letter to all employees, announcing that Ant International, OceanBase, and Ant Digital Technologies under Ant Group had established boards of directors respectively to operate independently in the market. Currently, the Chairman of Ant International is Jing Xiandong, the CEO is Yang Peng, and the President is Douglas Feagin.
Ant International's business covers major markets such as Asia, Europe, the Middle East, and Latin America, connecting over 150 million global merchants and more than 2 billion consumer accounts, with innovation, settlement, and operation centers established in Shanghai, Hong Kong, Singapore, Malaysia, and other places.
Currently, Ant International has four major business segments: Alipay+, Antom, WorldFirst, and Bettr, focusing respectively on enhancing global payment interoperability, developing AI-driven merchant payments, treasury management, and financial technology solutions, and building an extensive cooperation network with domestic and international financial institutions, technology enterprises, and merchants.
