May 19, 2022

Alibaba owner, Jack Ma invests in PH

  • HOME
  • Blog
  • Alibaba owner, Jack Ma invests in PH

    •  

    In a news published by Philippine Star, Chinese Billionaire and Alibaba founder and chairman Jack Ma is making a strategic investment to get a 45 percent stake in Globe Fintech Innovations Inc., a unit of Globe Telecom Inc., to help accelerate financial inclusions in the Philippines.

    Last Friday, Globe Telecom said that Globe Fintech Innovations Inc has entered into a strategic partnership with Ant Financial – a world-leading digital financial provider. Through this partnership, Ant will share with Mynt its know-how in using technology to provide access to financial services by individual.

    Mynt is a wholly owned subsidiary of Globe Capital Venture Holdings (GCVHI) under Globe Telecom and Ayala Corp. The partnership aims to speed up financial inclusion and upgrade payment services in the country.

    Globe president and CEO Ernesto Cu said that through this partnership, they are set to democratize financial services in the Philippines. While Ayala chairman and CEO Jamie Augusto Ayala was quoted that the said partnership is a great platform to redefine the country’s financial space amidst a robust consumer market and an increasingly digital market.

    Sources: ABS-CBN News,

     

    　　　　　　　　　　　
    　　　　　　　　　　　
    You might also like...
    Discover Vibrant Living in Mandaluyong at The Observatory Sales Pavilion
    October 07, 2025
    Discover Vibrant Living in Mandaluyong at The Observatory Sales Pavilion
    The Observatory is a 4.5-hectare mixed-use township by Federal Land NRE Global, Inc. (FNG).
    Säntis Deli Café Silang Brings Oktoberfest 2025 to Cavite
    September 25, 2025
    Säntis Deli Café Silang Brings Oktoberfest 2025 to Cavite
    This October, the heart of Cavite beats to a Bavarian rhythm as Säntis Deli Café Silang hosts its grand Oktoberfest celebration on Saturday, October 18, 2025, from 6:00 p.m. onwards!
    AI Video Generator That Edits, Narrates, and Designs for You
    September 19, 2025
    AI Video Generator That Edits, Narrates, and Designs for You
    Editing, narration, and design required separate platforms and technical expertise. Currently, AI-enabled platforms have integrated all these steps into a single process. CapCut Web provides this integration by providing editing, narration, and design in one package.
    How to Edit Product Assembly Tutorials with CapCut Desktop and AI-Generated Images
    September 19, 2025
    How to Edit Product Assembly Tutorials with CapCut Desktop and AI-Generated Images
    CapCut Desktop is an AI image generator that allows its users to create their own diagrams, schematics, and illustrations specific to a given product in a matter of minutes.
    Crosta Pizzeria and a mano Bags Global Recognition at 50 Top Pizza World 2025
    September 16, 2025
    Crosta Pizzeria and a mano Bags Global Recognition at 50 Top Pizza World 2025
    The Philippines once again proved its place on the world’s pizza map as Crosta Pizzeria and a mano secured coveted spots in the 50 Top Pizza World 2025 placing at 28th and 49th spot, respectively—underscoring the country’s growing influence in the international culinary scene. 50 Top Pizza World 2025 is curated by Italy’s respected 50 top group and is widely regarded as the ultimate benchmark for excellence in pizza. Each year, it honors pizzerias that exemplify mastery in dough, ingredient quality, technique, service, and overall dining experience. IMAGES from 50 Top Pizza’s Facebook page Crosta Pizzeria, with its flagship in Makati and a steadily expanding footprint, has long been celebrated […]