Ant Group launches digital bank ANEXT in Singapore & More News Here

A person walks previous an Ant Group brand on the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File Photo

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BEIJING, June 6 (Reuters) – Ant Group, the Chinese monetary know-how large managed by billionaire Jack Ma, mentioned on Monday that it has launched a Singapore-incorporated digital wholesale bank, ANEXT Bank.

Ant, the monetary affiliate of Chinese e-commerce large Alibaba Group (9988.HK), obtained the approval from the Monetary Authority of Singapore for ANEXT to begin enterprise on June 2, the corporate mentioned in a press release.

ANEXT is wholly-owned by Ant, it added.

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Reporting by Yingzhi Yang and Brenda Goh; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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