is investing $ 14 billion in Alibaba Blockchain technology. Ant Financial, the payment partner of Chinese Internet giant Alibaba, announced Friday that the C-series has collected $ 14 billion on a series of fights. The company will use it to develop new technologies such as Blockchain
AliPay is a leading payment provider in China
The company, founded in 2004 as AliPay and later renamed Ant Financial in 2014, is a member of Alibaba, a comprehensive company with low budget companies financial services. The company will use new capital financing to improve the capacity of Blockchain technology with the artificial intelligence and internet of objects.
Although Ant Financial's planned Blockchain development does not disclose a concrete roadmap, AliPay is positioned as a leading provider of payment in China claiming to be 800 million active users this year.
Al-Baba is investing $ 14 billion in Blockchain technology
Ant Financial is shifting its business focus from consumer finance services to technology development, as China continues to push on perceived risks to the financial system. . Raporda stated that Blockchain is a main focus of the company's projects. In fact, both Ant Financial and Alibaba have already begun to develop applications for Blockchain
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