Ant Financial Services Group, an affiliate company of the Chinese Alibaba Group, has confirmed Luxembourg as the location of its European hub.
The confirmation was made during Luxembourg Minister of Finance Pierre Gramegna's mission in China this week (9-13 September 2018) which focused on sustainable finance and the strengthening of ties between Luxembourg and China.
After having attended a series of meetings in Beijing, first with his Chinese counterpart, Liu Kun, on the macroeconomic situation and risks of protectionism, and then with the leaders of several Chinese banks, Pierre Gramegna met with the President of Ant Financial, Eric Jing, in Hangzhou to discuss the company's international development strategy and the role that Luxembourg could play in this context. At this meeting, Eric Jing confirmed that Ant Financial, the parent company of Alipay, China's largest mobile payment platform, has chosen Luxembourg as a European hub to help connect their Chinese customers with merchants established in the European Union.
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https://www.scoop.it/t/luxembourg-europe/?&tag=China
Ant Financial Services Group, an affiliate company of the Chinese Alibaba Group, has confirmed Luxembourg as the location of its European hub.
The confirmation was made during Luxembourg Minister of Finance Pierre Gramegna's mission in China this week (9-13 September 2018) which focused on sustainable finance and the strengthening of ties between Luxembourg and China.
After having attended a series of meetings in Beijing, first with his Chinese counterpart, Liu Kun, on the macroeconomic situation and risks of protectionism, and then with the leaders of several Chinese banks, Pierre Gramegna met with the President of Ant Financial, Eric Jing, in Hangzhou to discuss the company's international development strategy and the role that Luxembourg could play in this context. At this meeting, Eric Jing confirmed that Ant Financial, the parent company of Alipay, China's largest mobile payment platform, has chosen Luxembourg as a European hub to help connect their Chinese customers with merchants established in the European Union.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=China