(Beijing Bloomberg) China Financial Technology Giant Ant Group has reportedly raised a loan of US $ 6.5 billion (S $ 8.4 billion) to re -financing for offshore credit quotas of the same scale to further expand the global business.
Bloomberg quoted people familiar with the matter on September 20 that the three -year loan was divided into two parts.Among them, $ 5 billion was used for circulating credit of Alipay Hong Kong Holdings Co., Ltd., and the remaining $ 1.5 billion was used for circular credit of ADVANCED New Technology, Ant International Overseas Company, which is located in Singapore.
Reports pointed out that the Ant Group has been expanding its global business to hedge the impact of the slowdown in China's domestic market growth.In March of this year, the Group set up an independent board of directors for its international, databases and digital businesses, respectively to pave the way for the splitting of the future.
Ant also established the "Alipay+" international payment network in Southeast Asia, and launched a series of artificial intelligence services.
According to the data compiled by Bloomberg, Alipay received a credit limit of $ 6.5 billion in 2022.The financing is divided into two parts, of which 3.5 billion US dollars will expire in November this year, and another $ 3 billion will expire in November 2027.
Bloomberg industry research analysts pointed out in the report earlier this month that new measures for Ant Group may promote the company's profits to return to the level of RMB 3.0 billion (S $ 5.5 billion) to RMB 31 billion in 2022.The report also predicts that the profit growth rate of ants will rise to double digits this two years.
