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China tech

Ant forays into 5,000 Singapore, Jakarta and Bangkok eateries

Alipay operator invests in Chope app as it looks beyond ASEAN payments market

Chope could help Ant establish relationships with thousands of restaurateurs as the Chinese fintech giant prepares to open a digital bank in Singapore. (Source photo by Reuters; screenshot from Chope's website) 

SINGAPORE -- Ant Group has invested in a Singaporean startup that works with thousands of restaurants in Southeast Asia, a strategic move that paves the way for the Chinese fintech giant to expand beyond e-payments in the region.

Ant Group intends to use its technology to help restaurants recover from the pandemic, an executive said in explaining a move that will also help Ant further penetrate the region as China's digital economy matures.

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