ME News reports that on July 21 (UTC+8), Ant International announced the completion of its Series A financing round, with Ant Group, existing shareholders including Alibaba, and multiple international institutional investors participating. The total funding amounted to approximately $1.2 billion and will be used to expand global operations, accelerate investment in cutting-edge technologies such as AI, and broaden access to inclusive fintech services including cross-border payments and global accounts, helping businesses worldwide achieve growth. On March 19, 2024, Jing Xiongdong sent a company-wide letter announcing that Ant International, OceanBase, and Ant Digital Technologies—subsidiaries of Ant Group—had each established independent boards to operate autonomously in the market. Currently, Jing Xiongdong serves as Chairman of Ant International, Yang Peng as CEO, and Douglas Feagin as President. Ant International’s operations span major markets in 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 operations centers located in Shanghai, Hong Kong, Singapore, and Malaysia. Ant International currently comprises four core business units: Alipay+, Antom, WorldFirst, and Bettr. These units focus on enhancing global payment interoperability and developing AI-driven payment, treasury management, and fintech solutions for merchants, while building extensive partnerships with financial institutions, technology companies, and merchants both within and outside China. (Source: BlockBeats)
Ant International Completes $1.2 Billion Series A Financing
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Summary
Ant International announced on July 21 (UTC+8) the completion of its Series A financing, raising approximately $1.2 billion with Ant Group and Alibaba as key participants. The funds will support global expansion, AI development, and inclusive financial services such as cross-border payments. The company operates across Asia, Europe, the Middle East, and Latin America, connecting over 150 million merchants and 2 billion consumer accounts. On-chain news underscores the firm’s strategic focus on global crypto policy and technological innovation.
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