Caixin
Jun 06, 2022 07:09 PM
BUSINESS

Update: Ant Group Unveils Singapore Digital Bank in Regional Push

The Ant Group mascot at the company's headquarters in Hangzhou on Aug. 2, 2021. Photo: Bloomberg
The Ant Group mascot at the company's headquarters in Hangzhou on Aug. 2, 2021. Photo: Bloomberg

(Bloomberg) — Billionaire Jack Ma’s Ant Group Co. Ltd. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market amid regulatory headwinds.

ANEXT Bank will provide digital financial services to micro, small and medium-sized enterprises, particularly those with cross-border operations, it said in a statement on Monday.

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