HONG KONG -- Ant Financial, an affiliate of Chinese technology giant Alibaba Group Holding, is planning to raise about $1 billion for a new fund to expand investments in emerging markets including India and Southeast Asia, according to a company executive.
Startups
Ant Financial plans $1bn unicorn fund for India and Southeast Asia
Investment will focus on online-payment related tech
The fund will look for tech related to Alipay's core business, such as blockchain and artificial intelligence.
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