Senior Officers of Ant Financial including Peng Lei Visited Silicon Valley

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【Summary】According to the report from foreign media, a senior management team from Ant Financial, a financial affiliate to Alibaba Group, recently visited Silicon Valley, in an effort to assess potential investment interest in the IPO of Ant Financial which is to be started as soon as next year.

By  JPMNews  ·  2016-12-09 14:05
author: JPMNews   

 Peng Lei,Board Director of Ant Financial

BEIJING, Dec.9 (JPMedia) -- According to the report from foreign media, a senior management team from Ant Financial, a financial affiliate to Alibaba Group, recently visited Silicon Valley, in an effort to assess potential investment interest in the IPO of Ant Financial which is to be started as soon as next year. 

Board Director of Ant Financial, Peng Lei, as well as other senior officers in this company paid a visit to San Francisco last week. Being well aware of the challenges confronted Ant Financial, Peng Lei indicated that for Ant Financial, IPO would be an opportunity to usher in more understanding about the company from outsiders, enhance its transparency towards investors and raise funds for latter acquisition. In her first interview by international media, Peng Lei said that many people has regarded Ant Financial as only a payment company, but the truth is that the business scope of Ant Financial went far beyond payment.

"Perhaps we should take the blame, because we could have done a better job in publicizing the business scope of Ant Financial," Peng said in the office of Ant Financial in San Francisco, "For Ant Financial, payment is just the tip of the iceberg, there are larger businesses in this company that still wait to be seen." 

At present, Ant Financial is aiming at the 2.5 billion people around the world who have not yet employed the depositing and loaning services provided by banks or other financial institutions. Most of those people live in Africa, Asia, Latin America and the Middle East. Ant Financial is now studying the African and Latin American markets in the hope of finding an appropriate way to finally crack into all emerging markets.

Moreover, Ant Financial also set out plans for mature markets and has already been applying for operation licenses in both Korean and HK markets. Earlier this year, Ant Financial concluded an agreement with Uber, which allows Chinese tourists to use Alipay in more than 400 cities all over the world. In September this year, Ant Financial completed its first investment in American market to acquire EyeVerify, a start-up company of eyeball scanning.

" We have visited many companies and hope to learn how they operate their businesses," Peng Lei said, "we will continue to regard America as the center of technological innovation and we are happy to be here to learn."


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