Alibaba’s Ant Financial to Buy Large Stake in Vietnamese e-wallet Firm eMonkey

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Ant Financial, the fintech arm of e-commerce firm Alibaba, has acquired a significant stake in Vietnamese eWallet service provider eMonkey. Ant Financial has not acquired a controlling stake in eMonkey but will provide technical support to it. The deal with eMonkey is Ant Financial’s eighth international strategic investment. Vietnam has recorded one of the highest …

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