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Jack Ma's Ant Financial eyes more deals in global expansion

Shanghai

ANT Financial, China's largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.

Controlled by billionaire Jack Ma, the Hangzhou-based firm will announce more partnerships this year with a focus on Asia and is also "actively assessing" other markets, Douglas Feagin, the head of its international operations, said in a phone interview...

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