Xinyun Yang (Ant Financial Services Group): We’ve selected Luxembourg
Xinyun Yang, Ant Financial International Communications department manager, describes how Ant Financial has involved into green finance.
Can you present Ant Financial in few words?
Ant Financial is a technology company that brings inclusive financial
services to the world. Ant Financial, officially founded in October 2014,
originated from Alipay founded in 2004.
Ant Financial is dedicated to bringing the world more equal opportunities
through building a technology driven open ecosystem and working
with financial institutions to support the future financial needs of society.
How will Ant Financial explore the market?
Ant Financial has been looking for partners across the world who share the same vision and mission to bring the world equal opportunities. We’re
looking forward to working with Luxembourg to connect more European
merchants with Chinese tourists.
“Ant Financial is coming to Europe to explore the market.”
Can you give several examples on how Ant Financial involved into
Ant Financial provides a comprehensive one-stop marketplace for financial
services for individuals as well as small and micro businesses. In China,
services for micro businesses who use Alipay QR codes to process
payment include business analysis, financial management, loan and
insurance services. Based on transactions data generated via QR code payments, MYbank, the online bank of Ant Financial, is able to provide loans to small business. In the half year ended by January 2018, MYbank provided
loans to over 1.55 million small businesses in 32 provinces in China, most of which are tertiary sector businesses, ranging from the food &
beverage industry, to education, beauty salons and the house cleaning
industry. In Europe, we will continue to work together with financial institutions in the region to make sure both local merchants, especially the small and medium ones, and Chinese tourists can enjoy a pleasant shopping experience with
Alipay’s in-app payment and marketing platform, which we believe could
neglect the barriers of language, currency, and culture.