As hundreds of newly minted Chinese millionaires and billionaires continue their global shopping spree, Ant Finacial Services is expanding its reach to make sure they can buy whatever they want, wherever they want, and however they want.
On the stage of today’s Money 2020 conference in Las Vegas, the company announced a slew of partnerships in the U.S., with the payment processor First Data and hardware manufacturer Verifone. The partnerships expand on deals that the Chinese financial services giant (and Alibaba spinout) has cut across the globe. Last year the company was working in Hong Kong, Korea, Macau, and Taiwan working with merely 15,000 retailers. Last month that number had reached 80,000 stores in 70 countries including the U.S., the UK, Germany, Australia, New Zealand, Thailand, Singapore, Malaysia, and Vietnam. Alipay’s biggest markets are Korea, Thailand, Hong Kong, Japan and Germany.