Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, revealed that the funds will be used to accelerate Alipay’s global expansion (deepening its presence in non-China markets) and invest in developing technology to further enhance the company’s ability to deliver inclusive financial services to unbanked and underbanked consumers and small enterprises globally.

Other firms acting for GIC included White & Case, with Appleby advising on all aspects of Mauritius law. Appleby’s Mauritius team included Partner Malcolm Moller and Counsel Anjana Ramburuth.

Share
Twitter LinkedIn Email Save as PDF
More Deals
24 May 2019 | Deals

Appleby Mauritius advises NASDAQ listed MakeMyTrip Limited on share exchange transaction

Leading offshore law firm Appleby has advised NASDAQ listed MakeMyTrip Limited (MakeMyTrip), a publi...

11 Mar 2019 | Deals

Appleby Mauritius advised Oversea-Chinese Banking Corporation Ltd on a USD 470,726,777 refinancing

Appleby's Mauritius office has recently advised Oversea-Chinese Banking Corporation Ltd (OCBC), on a...

Contributors: Hasseena Mahamoodally
24 May 2018 | Deals

Appleby Mauritius Advised Teranga Gold on the First Drawdown Under Facility for Construction of its Second Mine

Appleby Mauritius advised Teranga Gold Corporation (Teranga) for its first drawdown under the secure...

Contributors: Muhammad Aadil Koomar
24 Jan 2018 | Deals

Appleby advises on revolutionary digital identity token sale

SelfKey, a transformative, blockchain-based digital identity solution, which allows individuals and ...