Southeast Asian ecommerce is about to reach a whole new level

ThailandTech in Asia — Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. An investment into Ascend Money, parent of True Money and Ascend Nano, would help Ant Financial expand its online payments and small loans business in Southeast Asia.

https://www.techinasia.com/southeast-asian-ecommerce-reach-level

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