The strategic investment in eMonkey, Ant’s eighth international payments deal, will allow the firm to gain entry to Vietnam’s booming market of nearly 100 million people, a quarter of whom are under 25. Photo: Bloomberg
The strategic investment in eMonkey, Ant’s eighth international payments deal, will allow the firm to gain entry to Vietnam’s booming market of nearly 100 million people, a quarter of whom are under 25. Photo: Bloomberg
Fintech
Tech

Chinese fintech company Ant Financial quietly takes stake in Vietnam’s eMonkey amid anti-China sentiment

  • Alibaba affiliate Ant Financial has quietly acquired a sizeable stake in Vietnamese e-wallet eMonkey, sources say
  • The move is not being announced due to concerns of pushback due to anti-China sentiment in Vietnam, according to people with knowledge of the situation

Reuters
Reuters

Updated: 9:43am, 20 Dec, 2019

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The strategic investment in eMonkey, Ant’s eighth international payments deal, will allow the firm to gain entry to Vietnam’s booming market of nearly 100 million people, a quarter of whom are under 25. Photo: Bloomberg
The strategic investment in eMonkey, Ant’s eighth international payments deal, will allow the firm to gain entry to Vietnam’s booming market of nearly 100 million people, a quarter of whom are under 25. Photo: Bloomberg
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