Jack Ma plans to buy 20% stake in Ascend Money

“Ascend Group Co Ltd was spun off from True Corporation and is a subsidiary of the Charoen Pokphand Group Co Ltd, which has interests in agriculture, retail businesses and telecommunications.

Ascend Nano is a microfinance and personal loans provider with staff throughout Southeast Asia. Its goal is to spread e-commerce and electronic payments services to places where many users lack bank accounts such as Myanmar and Indonesia.”

Jack Ma plans to buy 20% stake in Ascend Money

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